https://www.taxtmi.com/caselaws?id=404659 The Tribunal held that the bank guarantee issued by the Corporate Debtor can be invoked even during the moratorium period under Section 14 of the Insolvency and Bankruptcy Code. The assets of the surety are distinct from those of the Corporate Debtor, and the invocation of the bank guarantee does not violate the moratorium. Consequently, the Tribunal set aside the Adjudicating Authority's order, dismissed Respondent No. 2's application, and allowed the Appellant's application, permitting the invocation/encashment of the bank guarantee during the moratorium period. en-us Fri, 26 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 11:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404659 The Tribunal held that the bank guarantee issued by the Corporate Debtor can be invoked even during the moratorium period under Section 14 of the Insolvency and Bankruptcy Code. The assets of the surety are distinct from those of the Corporate Debtor, and the invocation of the bank guarantee does not violate the moratorium. Consequently, the Tribunal set aside the Adjudicating Authority's order, dismissed Respondent No. 2's application, and allowed the Appellant's application, permitting the invocation/encashment of the bank guarantee during the moratorium period. Case-Laws Insolvency and Bankruptcy Fri, 26 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404659