https://www.taxtmi.com/caselaws?id=780400 SAT (LB) allowed the appeal and quashed the impugned order freezing demat accounts. The tribunal held the stock exchange's circular did not apply after admission of CIRP, and the exchange failed to file its ALF claim with the IRP as required under IBC. Section 14's moratorium bars any proceedings (including recovery steps like demat freezes) against a corporate debtor or its erstwhile promoters who have no management role during CIRP/liquidation. The freeze was therefore unlawful and lacked legal basis; details of the committee in the impugned order were also not disclosed. en-us Wed, 30 Apr 2025 00:00:00 +0530 Wed, 29 Oct 2025 14:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780400 SAT (LB) allowed the appeal and quashed the impugned order freezing demat accounts. The tribunal held the stock exchange's circular did not apply after admission of CIRP, and the exchange failed to file its ALF claim with the IRP as required under IBC. Section 14's moratorium bars any proceedings (including recovery steps like demat freezes) against a corporate debtor or its erstwhile promoters who have no management role during CIRP/liquidation. The freeze was therefore unlawful and lacked legal basis; details of the committee in the impugned order were also not disclosed. Case-Laws IBC Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780400