https://www.taxtmi.com/caselaws?id=775652 The NCLAT upheld the NCLT's decision dismissing the appeal regarding the refund of margin money deposited by the corporate debtor during liquidation. Since the bank guarantees had already been invoked, the margin money securing those guarantees did not constitute an asset of the corporate debtor. The margin money serves only as security for the bank guarantee and remains with the bank while the guarantee is active. Upon invocation, the margin money is applied towards the guaranteed amount payable to the beneficiary, leaving no refundable balance to the corporate debtor. Consequently, the liquidator is not entitled to claim the margin money as an asset, and the appeal was dismissed. en-us Fri, 25 Jul 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775652 The NCLAT upheld the NCLT's decision dismissing the appeal regarding the refund of margin money deposited by the corporate debtor during liquidation. Since the bank guarantees had already been invoked, the margin money securing those guarantees did not constitute an asset of the corporate debtor. The margin money serves only as security for the bank guarantee and remains with the bank while the guarantee is active. Upon invocation, the margin money is applied towards the guaranteed amount payable to the beneficiary, leaving no refundable balance to the corporate debtor. Consequently, the liquidator is not entitled to claim the margin money as an asset, and the appeal was dismissed. Case-Laws IBC Fri, 25 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775652