https://www.taxtmi.com/caselaws?id=299072 The Appellate Tribunal ruled that the appellant cannot withdraw funds from the Corporate Debtor's account during the moratorium period. However, the Financial Creditor can apply interest in accordance with RBI Guidelines. The Bank is not permitted to freeze the account or restrict the Corporate Debtor from accessing funds for daily operations under the Resolution Professional. The case is adjourned for additional affidavits to be filed by the parties by 26th March 2018. en-us Wed, 21 Mar 2018 00:00:00 +0530 Fri, 03 Dec 2021 08:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299072 The Appellate Tribunal ruled that the appellant cannot withdraw funds from the Corporate Debtor's account during the moratorium period. However, the Financial Creditor can apply interest in accordance with RBI Guidelines. The Bank is not permitted to freeze the account or restrict the Corporate Debtor from accessing funds for daily operations under the Resolution Professional. The case is adjourned for additional affidavits to be filed by the parties by 26th March 2018. Case-Laws Insolvency and Bankruptcy Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299072