https://www.taxtmi.com/highlights?id=61836 Refusal of the Bank to invoke the Bank Guarantee - Adjudicating Authority has taken the view that since CIRP proceedings were continuing the Bank Guarantee cannot be invoked - The Appellant was clearly entitled for invocation of Bank Guarantee, hence, we remit the matter back to the Adjudicating Authority to pass appropriate orders with regard to claim of the Appellant to the amount as included in the Bank Guarantee. - AT en-us Mon, 07 Feb 2022 08:11:56 +0530 Mon, 07 Feb 2022 08:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61836 Refusal of the Bank to invoke the Bank Guarantee - Adjudicating Authority has taken the view that since CIRP proceedings were continuing the Bank Guarantee cannot be invoked - The Appellant was clearly entitled for invocation of Bank Guarantee, hence, we remit the matter back to the Adjudicating Authority to pass appropriate orders with regard to claim of the Appellant to the amount as included in the Bank Guarantee. - AT Highlights Insolvency and Bankruptcy Mon, 07 Feb 2022 08:11:56 +0530 https://www.taxtmi.com/highlights?id=61836