Bank Guarantees Are Outside The Scope Of The Moratorium Under Section 14 Of The IBC, NCLAT On Bank Guarantees And IBC

The National Company Law Appellate Tribunal (‘NCLAT’) Bench comprising of the Justices Mr. Anant Bijay Singh, Member (Judicial) and Ms. Shreesha Merla, Member (Technical) upheld the decision of NCLT, Principal Bench, New Delhi rejecting the Application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) filed by Punj Lloyd ...