https://www.taxtmi.com/caselaws?id=789465 Money deposited in court under an interim order and realised through encashment of a bank guarantee remained an asset of the corporate debtor, because the deposit did not transfer title to the award-holder and was to be dealt with as part of the insolvency estate; it was therefore to be released to the Resolution Professional. Although the petitioners had a statutory remedy under the MSMED Act, the writ proceedings could not yield relief once corporate insolvency resolution proceedings had commenced and the IBC moratorium applied, as the claim had to be pursued within the insolvency process. en-us Tue, 07 Apr 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789465 Money deposited in court under an interim order and realised through encashment of a bank guarantee remained an asset of the corporate debtor, because the deposit did not transfer title to the award-holder and was to be dealt with as part of the insolvency estate; it was therefore to be released to the Resolution Professional. Although the petitioners had a statutory remedy under the MSMED Act, the writ proceedings could not yield relief once corporate insolvency resolution proceedings had commenced and the IBC moratorium applied, as the claim had to be pursued within the insolvency process. Case-Laws IBC Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789465