https://www.taxtmi.com/caselaws?id=302204 The Tribunal found the Respondent's encashment of Bank Guarantees during the Corporate Insolvency Resolution Process (CIRP) to be a violation of Section 14 of the Insolvency and Bankruptcy Code. The Respondent was directed to refund the wrongfully encashed amount to the Corporate Debtor's account within one week. The Tribunal emphasized the importance of upholding the moratorium under Section 14 to safeguard the Corporate Debtor's assets and prevent unauthorized actions during the CIRP. en-us Thu, 20 Jan 2022 00:00:00 +0530 Tue, 10 May 2022 18:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302204 The Tribunal found the Respondent's encashment of Bank Guarantees during the Corporate Insolvency Resolution Process (CIRP) to be a violation of Section 14 of the Insolvency and Bankruptcy Code. The Respondent was directed to refund the wrongfully encashed amount to the Corporate Debtor's account within one week. The Tribunal emphasized the importance of upholding the moratorium under Section 14 to safeguard the Corporate Debtor's assets and prevent unauthorized actions during the CIRP. Case-Laws Insolvency and Bankruptcy Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302204