https://www.taxtmi.com/caselaws?id=408833 The Tribunal set aside the attachment order imposed on the Corporate Debtor's bank account, directing the refund of the debited amount and immediate defreezing of the account. Respondent No. 1 agreed to defreeze the account, acknowledging the hindrance it posed to the Resolution Professional's management of the Corporate Debtor's affairs under the Insolvency and Bankruptcy Code. The Tribunal found the attachment order by Respondent No. 2 during the Corporate Insolvency Resolution Process to contravene the moratorium, emphasizing the RP's authority in asset control. Despite Respondent No. 2's absence, the Tribunal directed it to file claims with the RP. en-us Thu, 10 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408833 The Tribunal set aside the attachment order imposed on the Corporate Debtor's bank account, directing the refund of the debited amount and immediate defreezing of the account. Respondent No. 1 agreed to defreeze the account, acknowledging the hindrance it posed to the Resolution Professional's management of the Corporate Debtor's affairs under the Insolvency and Bankruptcy Code. The Tribunal found the attachment order by Respondent No. 2 during the Corporate Insolvency Resolution Process to contravene the moratorium, emphasizing the RP's authority in asset control. Despite Respondent No. 2's absence, the Tribunal directed it to file claims with the RP. Case-Laws Insolvency and Bankruptcy Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408833