2018 (3) TMI 1945

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..... Debtor s account after the order of moratorium, as it may amount to recovery amount in spite of the order of moratorium passed by the Adjudicating Authority in violation of Section 14 of the Insolvency and Bankruptcy Code. Post the matter for further hearing on 26th March, 2018. - Company Appeal (AT) (Insolvency) No. 49 of 2018 - - - Dated:- 21-3-2018 - Justice S.J. Mukhopadhaya Chairpers .....

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..... appears that the Bank cannot freeze the account nor can prohibit the corporate debtor from withdrawing the amount, as available on the date of moratorium for its day to day functioning through Resolution Professional. Heard the parties. Post the matter for further hearing on 26th March, 2018. In the meantime, it will be open to the appellant and the respondent to file additional affidav .....

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