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TMI Blog2019 (1) TMI 1824X X X X Extracts X X X X X X X X Extracts X X X X ..... demand - HELD THAT:- At present the pressing requirement is to let the insolvency proceedings be remain in operation simultaneously. For that purpose, the operation of the said one bank account is the need of the hour. Due to this reason, this Bench of NCLT, Mumbai is hereby expressing a view that an order be passed by the Hon ble Competent Authority to de-freeze the said account so that the appo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 952320006245 HDFC Bank, Karnal, Haryana Dunar Foods Ltd. 2. In the interest of the completion of CIRP this Bench is of the view that the Ld. Competent authority be pleased to release the HDFC Bank, Karnal, Haryana and pass necessary order with a copy to this Bench. 3. The above decision is taken due to the reason that the aforesaid action by the Competent Authority was initiated on receiving ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as the decision of the Hon'ble NCLAT pronounced in the case of Shah Brothers Ispat Pvt. Ltd. v. P. Mohanraj & Ors. (Company Appeal (AT) (Insolvency) No. 306 of 2018) dated 31.07.2018 is concerned, there is no question of disagreement with the findings that no criminal proceeding is covered u/s 14 ( commencement of Moratorium ) of I&B Code. However, the distinction is that in the present circumstan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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