https://www.taxtmi.com/caselaws?id=461739 Bombay HC dismissed petition challenging receiver's action against corporate debtor's agent. Court held that Section 14(1)(d) of IBC moratorium provisions do not protect receiver's agent from property recovery proceedings. Receiver's possession is court's possession in custodia legis, not corporate debtor's asset. Agent's occupation cannot be termed as possession contemplated under IBC moratorium. Recovery proceedings by receiver against defaulting agent for unpaid royalty of Rs. 2,89,30,000 are permissible despite IBC moratorium as these do not constitute recovery of property by owner/lessor from corporate debtor. en-us Thu, 07 Sep 2023 00:00:00 +0530 Thu, 24 Apr 2025 18:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461739 Bombay HC dismissed petition challenging receiver's action against corporate debtor's agent. Court held that Section 14(1)(d) of IBC moratorium provisions do not protect receiver's agent from property recovery proceedings. Receiver's possession is court's possession in custodia legis, not corporate debtor's asset. Agent's occupation cannot be termed as possession contemplated under IBC moratorium. Recovery proceedings by receiver against defaulting agent for unpaid royalty of Rs. 2,89,30,000 are permissible despite IBC moratorium as these do not constitute recovery of property by owner/lessor from corporate debtor. Case-Laws IBC Thu, 07 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461739