https://www.taxtmi.com/caselaws?id=426877 The Tribunal dismissed the Appeal, ruling that the Appellant's claim was classified as an Operational Debt and not 'Assets held in Trust' under Section 18(1)(f) of the Insolvency and Bankruptcy Code. The Tribunal affirmed the importance of Clause 7.4 of the Agreement in crystallizing the debt owed to the Carrier and upheld the application of the Moratorium under Section 14 of the Code, prohibiting payments during the specified period to prevent unfair advantage to any creditor. en-us Fri, 26 Aug 2022 00:00:00 +0530 Sat, 27 Aug 2022 08:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426877 The Tribunal dismissed the Appeal, ruling that the Appellant's claim was classified as an Operational Debt and not 'Assets held in Trust' under Section 18(1)(f) of the Insolvency and Bankruptcy Code. The Tribunal affirmed the importance of Clause 7.4 of the Agreement in crystallizing the debt owed to the Carrier and upheld the application of the Moratorium under Section 14 of the Code, prohibiting payments during the specified period to prevent unfair advantage to any creditor. Case-Laws Insolvency and Bankruptcy Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426877