2018 (2) TMI 2100

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....haya) Chairperson And (Justice Bansi Lal Bhat) Member(Judicial) For the Appellant : Mr. Paul Kanagaraj, Senior Advocate with Ms. D. Revathi Karthick, Advocate. For the Respondents : Ms. Shenti Iyer, Advocate for Intervener. ORDER Learned counsel for the respondents submits that there is no chance of settlement in the matter. In such circumstance, the case is required to be heard on mer....

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....red to function and to assist the Resolution Professional who manages the affairs of the Corporate Debtor during the period of moratorium. If one or other officer or employee had the power to sign a cheque on behalf of the Corporate Debtor prior to the order of moratorium, such power does not stand suspended on suspension of the Board of Directors nor can be taken away by the Resolution Profession....