https://www.taxtmi.com/caselaws?id=797653 Post-CIRP transfers of a corporate debtor's bank funds during a subsisting moratorium breach the prohibition on disposing of corporate assets unless a legally established exception applies. Payment for work performed before CIRP does not validate a transfer made after commencement, and a trust claim fails without proof of a trust relationship or identifiable trust fund. Public announcement of CIRP may establish deemed knowledge of the moratorium. The former remedy under Section 74 did not preclude enforcement through the Tribunal's jurisdiction, particularly where it was not previously raised and did not negate the post-moratorium transactions. Recovery with interest remained sustainable. en-us Mon, 24 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797653 Post-CIRP transfers of a corporate debtor's bank funds during a subsisting moratorium breach the prohibition on disposing of corporate assets unless a legally established exception applies. Payment for work performed before CIRP does not validate a transfer made after commencement, and a trust claim fails without proof of a trust relationship or identifiable trust fund. Public announcement of CIRP may establish deemed knowledge of the moratorium. The former remedy under Section 74 did not preclude enforcement through the Tribunal's jurisdiction, particularly where it was not previously raised and did not negate the post-moratorium transactions. Recovery with interest remained sustainable. Case-Laws IBC Mon, 24 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797653