https://www.taxtmi.com/caselaws?id=286376 The Tribunal ruled that withholding goods during the corporate insolvency resolution process due to pre-insolvency debts was impermissible. The Respondent, despite receiving payment, had withheld the supply citing outstanding payments from the pre-insolvency period. The Tribunal found this behavior deceptive and in violation of the law, directing the Respondent to supply the goods to the end user within one week. Additionally, the Respondent was ordered to bear additional costs of Rs. 50,000 to be deposited in the account of the company in liquidation. en-us Fri, 24 May 2019 00:00:00 +0530 Sun, 23 Feb 2020 12:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286376 The Tribunal ruled that withholding goods during the corporate insolvency resolution process due to pre-insolvency debts was impermissible. The Respondent, despite receiving payment, had withheld the supply citing outstanding payments from the pre-insolvency period. The Tribunal found this behavior deceptive and in violation of the law, directing the Respondent to supply the goods to the end user within one week. Additionally, the Respondent was ordered to bear additional costs of Rs. 50,000 to be deposited in the account of the company in liquidation. Case-Laws Insolvency and Bankruptcy Fri, 24 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286376