https://www.taxtmi.com/caselaws?id=394098 The judgment emphasized the prohibition on instituting or continuing suits against the Corporate Debtor during the Corporate Insolvency Resolution Process. The National Company Law Tribunal (NCLT) imposed a moratorium on legal actions, including asset transfer, recovery, and service termination, until the resolution process's completion. Additionally, the judgment highlighted the need for coordination between judicial bodies, as an appeal before the Appellate Tribunal was adjourned pending the NCLT's final decision. This case underscores the significance of complying with insolvency process restrictions and the interaction between various legal forums in such matters. en-us Tue, 06 Aug 2019 00:00:00 +0530 Wed, 01 Apr 2020 14:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394098 The judgment emphasized the prohibition on instituting or continuing suits against the Corporate Debtor during the Corporate Insolvency Resolution Process. The National Company Law Tribunal (NCLT) imposed a moratorium on legal actions, including asset transfer, recovery, and service termination, until the resolution process's completion. Additionally, the judgment highlighted the need for coordination between judicial bodies, as an appeal before the Appellate Tribunal was adjourned pending the NCLT's final decision. This case underscores the significance of complying with insolvency process restrictions and the interaction between various legal forums in such matters. Case-Laws Central Excise Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394098