https://www.taxtmi.com/caselaws?id=304299 In Company Appeal (AT) (Insolvency) No. 329 of 2018, the State Bank of India's challenge to reverse debits from the FD account during the Corporate Insolvency Resolution Process was rejected. The Tribunal upheld the impugned order, allowing State Bank of India to act post-Moratorium, and permitting the Resolution Professional to use the funds for Resolution Costs. In Company Appeal (AT) (Insolvency) No. 529 of 2018, Punjab National Bank's appeal against the same order was dismissed due to a 50-day delay, exceeding the permissible limit for condonation. en-us Thu, 11 Apr 2019 00:00:00 +0530 Sun, 18 Sep 2022 17:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304299 In Company Appeal (AT) (Insolvency) No. 329 of 2018, the State Bank of India's challenge to reverse debits from the FD account during the Corporate Insolvency Resolution Process was rejected. The Tribunal upheld the impugned order, allowing State Bank of India to act post-Moratorium, and permitting the Resolution Professional to use the funds for Resolution Costs. In Company Appeal (AT) (Insolvency) No. 529 of 2018, Punjab National Bank's appeal against the same order was dismissed due to a 50-day delay, exceeding the permissible limit for condonation. Case-Laws Insolvency and Bankruptcy Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304299