https://www.taxtmi.com/caselaws?id=427806 The Tribunal held that margin money deposited against a Letter of Credit is not an asset of the 'Corporate Debtor' and does not constitute a 'Security Interest' under the Insolvency and Bankruptcy Code. Therefore, the Appellant Bank's appropriation of margin money during the Moratorium period was deemed justified. The appeal was allowed, and the Adjudicating Authority's order was set aside. en-us Fri, 16 Sep 2022 00:00:00 +0530 Sat, 17 Sep 2022 07:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427806 The Tribunal held that margin money deposited against a Letter of Credit is not an asset of the 'Corporate Debtor' and does not constitute a 'Security Interest' under the Insolvency and Bankruptcy Code. Therefore, the Appellant Bank's appropriation of margin money during the Moratorium period was deemed justified. The appeal was allowed, and the Adjudicating Authority's order was set aside. Case-Laws Insolvency and Bankruptcy Fri, 16 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427806