Interim direction to allow the petitioner to operate its bank ...

Court Allows Bank Account Access for Petitioner Amid CIRP, Citing Hardship & Unnecessary Freezing During Investigation.

June 7, 2021

Case Laws Insolvency and Bankruptcy HC

Interim direction to allow the petitioner to operate its bank account - siphoning off of funds while CIRP proceedings are ongoing - unfreezing of attached Bank Accounts - Freezing of all the bank account as indicated would certainly cause unnecessary hardship, which may not be necessary for the investigation of the present FIR in view of the nature of accusation made therein as well as in view of the offer made by the petitioner to furnish a bond - the petitioner is entitled to the interim relief as sought for. - HC

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Interim direction to allow the petitioner to operate its bank ...

Court Allows Bank Account Access for Petitioner Amid CIRP, Citing Hardship & Unnecessary Freezing During Investigation.

June 7, 2021

Case Laws Insolvency and Bankruptcy HC

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