https://www.taxtmi.com/caselaws?id=309077 The court determined that settlement was not possible in the matter, requiring a hearing on merit. Regarding the authority to sign cheques for the Corporate Debtor post-moratorium, it was clarified that the suspension of the Board of Directors did not extend to the Managing Director and other officers. All directors and employees must assist the Resolution Professional during the moratorium. The judgment emphasized that pre-moratorium signing authority remains unless misused, with the Resolution Professional empowered to intervene if needed. The decision underscores the importance of settlement discussions and the roles of stakeholders in maintaining operations during the moratorium. en-us Thu, 22 Feb 2018 00:00:00 +0530 Wed, 09 Aug 2023 21:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309077 The court determined that settlement was not possible in the matter, requiring a hearing on merit. Regarding the authority to sign cheques for the Corporate Debtor post-moratorium, it was clarified that the suspension of the Board of Directors did not extend to the Managing Director and other officers. All directors and employees must assist the Resolution Professional during the moratorium. The judgment emphasized that pre-moratorium signing authority remains unless misused, with the Resolution Professional empowered to intervene if needed. The decision underscores the importance of settlement discussions and the roles of stakeholders in maintaining operations during the moratorium. Case-Laws Insolvency and Bankruptcy Thu, 22 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309077