https://www.taxtmi.com/caselaws?id=776622 The NCLAT held that the Earnest Money Deposit (EMD) and Performance Bank Guarantee (PBG) invoked by the CoC cannot be refunded to the appellant, only the equity infusion amount held in escrow is refundable. The tribunal clarified that it lacks jurisdiction to review its prior judgment, and the operative portion of the judgment must align with its findings. The EMD of Rs. 5 crore, although invoked and included in the total amount considered, was not appropriated by the bank and cannot be distributed to interim creditors or the appellant. The application seeking clarification was disposed of accordingly. en-us Mon, 11 Aug 2025 00:00:00 +0530 Thu, 14 Aug 2025 08:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776622 The NCLAT held that the Earnest Money Deposit (EMD) and Performance Bank Guarantee (PBG) invoked by the CoC cannot be refunded to the appellant, only the equity infusion amount held in escrow is refundable. The tribunal clarified that it lacks jurisdiction to review its prior judgment, and the operative portion of the judgment must align with its findings. The EMD of Rs. 5 crore, although invoked and included in the total amount considered, was not appropriated by the bank and cannot be distributed to interim creditors or the appellant. The application seeking clarification was disposed of accordingly. Case-Laws IBC Mon, 11 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776622