https://www.taxtmi.com/caselaws?id=291883 The Tribunal ruled that the invocation of Performance Bank Guarantees cannot be stayed under the moratorium, but the specific contractual dispute must be resolved through arbitration. The assets of the Corporate Debtor were to be protected during the CIRP. The application for the discharge of BGs by Xylem Water Solutions India Private Limited was rejected, leaving the matter to be decided post-moratorium. en-us Fri, 30 Aug 2019 00:00:00 +0530 Sat, 28 Nov 2020 09:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291883 The Tribunal ruled that the invocation of Performance Bank Guarantees cannot be stayed under the moratorium, but the specific contractual dispute must be resolved through arbitration. The assets of the Corporate Debtor were to be protected during the CIRP. The application for the discharge of BGs by Xylem Water Solutions India Private Limited was rejected, leaving the matter to be decided post-moratorium. Case-Laws Insolvency and Bankruptcy Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291883