https://www.taxtmi.com/caselaws?id=422229 The Tribunal held that Performance Bank Guarantee and Mobilisation Advance Bank Guarantee can be invoked during a moratorium under Section 14 of the IBC as they are not considered assets of the corporate debtor. The guarantees are independent contracts and not covered by the moratorium provisions. The Tribunal set aside the Adjudicating Authority's order directing refund of the amounts covered by the guarantees and allowed the appeal. en-us Fri, 06 May 2022 00:00:00 +0530 Thu, 12 May 2022 08:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422229 The Tribunal held that Performance Bank Guarantee and Mobilisation Advance Bank Guarantee can be invoked during a moratorium under Section 14 of the IBC as they are not considered assets of the corporate debtor. The guarantees are independent contracts and not covered by the moratorium provisions. The Tribunal set aside the Adjudicating Authority's order directing refund of the amounts covered by the guarantees and allowed the appeal. Case-Laws Insolvency and Bankruptcy Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422229