https://www.taxtmi.com/caselaws?id=423781 The Tribunal set aside the impugned order that froze the Appellant's bank accounts, ruling that the Resolution Professional lacked authority to freeze accounts solely held by the Appellant, not the Corporate Debtor. The Adjudicating Authority's oversight in addressing the RP's powers led to the Tribunal's intervention, emphasizing the RP's limited control over third-party accounts. The Tribunal overturned the order to uphold justice, clarifying the boundaries of the RP's authority under the I&B Code. en-us Tue, 07 Jun 2022 00:00:00 +0530 Wed, 15 Jun 2022 09:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423781 The Tribunal set aside the impugned order that froze the Appellant's bank accounts, ruling that the Resolution Professional lacked authority to freeze accounts solely held by the Appellant, not the Corporate Debtor. The Adjudicating Authority's oversight in addressing the RP's powers led to the Tribunal's intervention, emphasizing the RP's limited control over third-party accounts. The Tribunal overturned the order to uphold justice, clarifying the boundaries of the RP's authority under the I&B Code. Case-Laws Insolvency and Bankruptcy Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423781