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2023 (8) TMI 196 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , CHENNAI BENCHSeeking refund of security deposit - adjustment was done while the moratorium was in operation or not - HELD THAT:- It is found that firstly the Appellant did not file any claim and secondly, it did not choose to appear to contest the application. After the liquidation order was passed on 21.01.2020, all tangible or intangible, movable or immovable properties as evidenced in balance sheet of the Corporate Debtor, being a part of the liquidation estate in terms of Section 36(3) of the Code, could not have been utilised by the Appellant by invoking general terms of supply of electricity. The electricity bills incurred by CD during the moratorium period were paid and the Appellant after the commencement of liquidation unilaterally adjusted the outstanding bills. There are no merit in the present appeal and the same is hereby dismissed.
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