2019 (4) TMI 2078

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....Insolvency & Bankruptcy<br>(Justice S.J. Mukhopadhaya) Chairperson, (Justice A.I.S. Cheema) Member(Judicial) and (Kanthi Narahari) Member(Technical) For the Appellant: Mr. Ramji Srinivasan, Senior Advocate with Mr. Ankur Mittal, Ms. Sylona Mohapatra, Mr. Nikhil Ramdev, Advocates., Mr. P.V. Dinesh and Mr. R.S. Lakshman, Advocates. For the Respondent: - Mr. N V Srinivasan, Advocate, Mr. Varun ....

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....ly kept from the FD account prior to initiation of the 'Corporate Insolvency Resolution Process'. However, it is not in dispute that the margin money belongs to the 'Corporate Debtor' which was kept in the FD account of the 'Corporate Debtor' and therefore, we are of the view that the said account could not have been debited during the period of Moratorium. 4. It is submitted by the learned Sen....

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....sk for appropriate relief from the 'Resolution Professional'. 8. The appeal stands disposed of with aforesaid observations and directions. No cost. In Company Appeal (AT) (Insolvency) No. 529 of 2018 9. The Appellant- 'Punjab National Bank' having preferred this appeal against the same very impugned order dated 23rd May, 2018 passed by the Adjudicating Authority (National Company Law Trib....