https://www.taxtmi.com/caselaws?id=290665 The Court issued a notice to the respondents, making the matter returnable on a specified date, and granted interim relief until the next hearing in a case involving the invocation of a bank guarantee during insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The Court recognized the unique circumstances arising from the application of the Code to a company undergoing resolution, necessitating a different approach compared to routine commercial dealings. The judgment emphasizes aligning legal procedures with the specific provisions of the Code when dealing with companies in resolution under insolvency proceedings. en-us Mon, 25 Sep 2017 00:00:00 +0530 Fri, 09 Oct 2020 10:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290665 The Court issued a notice to the respondents, making the matter returnable on a specified date, and granted interim relief until the next hearing in a case involving the invocation of a bank guarantee during insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The Court recognized the unique circumstances arising from the application of the Code to a company undergoing resolution, necessitating a different approach compared to routine commercial dealings. The judgment emphasizes aligning legal procedures with the specific provisions of the Code when dealing with companies in resolution under insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290665