https://www.taxtmi.com/caselaws?id=290172 The Appellate Tribunal dismissed the appeals filed by the Promoter and Yajur International Pvt. Ltd. against the Adjudicating Authority's order, which found a transfer of funds by the Promoter to Yajur International Pvt. Ltd. in violation of Section 14 of the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld the Adjudicating Authority's decision, emphasizing that the transfer occurred after the moratorium order and just before the Resolution Professional took charge, indicating a breach of the I&B Code. No costs were awarded, and the appeals were rejected based on the violation of Section 14 of the I&B Code. en-us Wed, 01 May 2019 00:00:00 +0530 Fri, 11 Sep 2020 23:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290172 The Appellate Tribunal dismissed the appeals filed by the Promoter and Yajur International Pvt. Ltd. against the Adjudicating Authority's order, which found a transfer of funds by the Promoter to Yajur International Pvt. Ltd. in violation of Section 14 of the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld the Adjudicating Authority's decision, emphasizing that the transfer occurred after the moratorium order and just before the Resolution Professional took charge, indicating a breach of the I&B Code. No costs were awarded, and the appeals were rejected based on the violation of Section 14 of the I&B Code. Case-Laws Insolvency and Bankruptcy Wed, 01 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290172