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2020 (10) TMI 1389

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..... nk Accounts of the Corporate Debtor - HELD THAT:- In view of the fact that the Respondent as an Operational Creditor has filed the claims before the RP and the said claims were also admitted by the RP, these attachment orders issued by the Respondent prior to the order of CIRP does not have any illustrative stand. The Counsel for the RP relies on certain judgments to buttress his point that as the .....

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..... mpany Law Tribunal. The Principal Bench vide Order dated 31.07.2020, constituted this Bench for hearing of the urgent matters through Video Conference (VC). The matter is taken up on VC. Counsel for the Applicant/RP is present. RP is also present. There is no representation from the side of the Income Tax Department (Respondent) despite service of the notice. Service of Notice against the Responde .....

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..... hindra Bank 554011017663 15.05.2017 7. Kotak Mahindra Bank 690011002546 15.05.2017 8. Punjab Maharashtra Co-op Bank Ltd 002110100010213 27.03.2017 9. Ratnakar Bank Ltd 409000029682 24.02.2017 10. Saraswat Co-op Bank Ltd 016100100900065 24.02.2017 11. HDFC Bank Ltd. 00600350100965 15.05.2017 12. Yes Bank Ltd 13480200000789 15.05.2017 13. Bank of Baroda 3840200001636 15.05.2017 It is submitted that .....

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..... se attachment orders issued by the Respondent prior to the order of CIRP does not have any illustrative stand. The Counsel for the RP relies on certain judgments to buttress his point that as the Respondent's claims as an Operational Creditor has been admitted, the attachment has to be lifted. On perusal of these judgments and in view of the fact that Section 238 of the IBC overrides other sta .....

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