https://www.taxtmi.com/caselaws?id=777163 NCLAT PB, ND allowed the bank's appeal, set aside the Adjudicating Authority's direction to reverse Rs.1,58,59,294 of margin money to the corporate debtor, and struck down the impugned order. The Tribunal held that margin money lodged as security for bank guarantees, once invoked before CIRP commenced, ceased to be the corporate debtor's asset and was properly appropriated by the bank under the facility agreement; Section 14 protections did not apply. Further, the approved resolution plan, which included the bank's claim, had attained finality and could not be reopened by the Adjudicating Authority. en-us Thu, 21 Aug 2025 00:00:00 +0530 Fri, 22 Aug 2025 15:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777163 NCLAT PB, ND allowed the bank's appeal, set aside the Adjudicating Authority's direction to reverse Rs.1,58,59,294 of margin money to the corporate debtor, and struck down the impugned order. The Tribunal held that margin money lodged as security for bank guarantees, once invoked before CIRP commenced, ceased to be the corporate debtor's asset and was properly appropriated by the bank under the facility agreement; Section 14 protections did not apply. Further, the approved resolution plan, which included the bank's claim, had attained finality and could not be reopened by the Adjudicating Authority. Case-Laws IBC Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777163