https://www.taxtmi.com/caselaws?id=796465 Restoration of corporate debtor assets improperly dealt with during the CIRP moratorium may be directed under Sections 14 and 60(5) of the Insolvency and Bankruptcy Code without establishing fraudulent or wrongful trading under Section 66. Sections 14 and 17 protect the insolvency estate by prohibiting asset dealings and placing management with the resolution professional, while Section 60(5), read with Rule 11, supports consequential restoration orders. The stated basis includes sale of mortgaged property during moratorium despite refusal of permission and unexplained withdrawals. Action under Section 74 is described as infructuous following its omission with effect from 26 May 2026. en-us Mon, 03 Aug 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796465 Restoration of corporate debtor assets improperly dealt with during the CIRP moratorium may be directed under Sections 14 and 60(5) of the Insolvency and Bankruptcy Code without establishing fraudulent or wrongful trading under Section 66. Sections 14 and 17 protect the insolvency estate by prohibiting asset dealings and placing management with the resolution professional, while Section 60(5), read with Rule 11, supports consequential restoration orders. The stated basis includes sale of mortgaged property during moratorium despite refusal of permission and unexplained withdrawals. Action under Section 74 is described as infructuous following its omission with effect from 26 May 2026. Case-Laws IBC Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796465