https://www.taxtmi.com/caselaws?id=398255 The NCLAT quashed the Impugned Order, directing the bank to hold the appropriated amount and allowing both parties to seek further directions from the High Court. The judgment emphasized the importance of legal basis and jurisdiction in issuing directions in such matters, particularly in the context of pending winding-up proceedings. en-us Wed, 12 Feb 2020 00:00:00 +0530 Fri, 11 Sep 2020 11:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398255 The NCLAT quashed the Impugned Order, directing the bank to hold the appropriated amount and allowing both parties to seek further directions from the High Court. The judgment emphasized the importance of legal basis and jurisdiction in issuing directions in such matters, particularly in the context of pending winding-up proceedings. Case-Laws Companies Law Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398255