https://www.taxtmi.com/caselaws?id=402222 The appellate court confirmed that the award-holder's claim was crystallized by the deposit made by the second appellant before the Insolvency and Bankruptcy Code (IBC) came into effect. The court held that the IBC did not affect the award-holder's right to the deposited amount, dismissing the appellants' argument. The court concluded that the appeal was not maintainable, directing the Registrar to release the proceeds to the respondents. The judgment emphasized the validity and lawfulness of the execution proceeding. en-us Thu, 24 Dec 2020 00:00:00 +0530 Sat, 26 Dec 2020 11:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402222 The appellate court confirmed that the award-holder's claim was crystallized by the deposit made by the second appellant before the Insolvency and Bankruptcy Code (IBC) came into effect. The court held that the IBC did not affect the award-holder's right to the deposited amount, dismissing the appellants' argument. The court concluded that the appeal was not maintainable, directing the Registrar to release the proceeds to the respondents. The judgment emphasized the validity and lawfulness of the execution proceeding. Case-Laws Insolvency and Bankruptcy Thu, 24 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402222