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    <title>2019 (10) TMI 1346 - NATIONAL COMPANY LAW TRIBUNAL , HYDERABAD BENCH</title>
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    <description>The tribunal allowed the unfreezing of the Operator&#039;s Bank Accounts and the transfer of assets to the Applicant&#039;s Bank Accounts to facilitate the Corporate Insolvency Resolution Process (CIRP). It emphasized the Insolvency and Bankruptcy Code&#039;s provisions regarding the IRP&#039;s authority over the corporate debtor&#039;s assets and directed the tax authorities to claim their pre-CIRP dues through the appropriate process. The tribunal also addressed the handling of post-CIRP GST dues and provided directions for their payment. The applications were disposed of with the specified directions.</description>
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    <pubDate>Thu, 03 Oct 2019 00:00:00 +0530</pubDate>
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      <description>The tribunal allowed the unfreezing of the Operator&#039;s Bank Accounts and the transfer of assets to the Applicant&#039;s Bank Accounts to facilitate the Corporate Insolvency Resolution Process (CIRP). It emphasized the Insolvency and Bankruptcy Code&#039;s provisions regarding the IRP&#039;s authority over the corporate debtor&#039;s assets and directed the tax authorities to claim their pre-CIRP dues through the appropriate process. The tribunal also addressed the handling of post-CIRP GST dues and provided directions for their payment. The applications were disposed of with the specified directions.</description>
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