TMI BlogEncashment of Bank Guarantees during CIRP period - scope of moratorium u/s 14 of IBC - If bank guarantee...Encashment of Bank Guarantees during CIRP period - scope of moratorium u/s 14 of IBC - If bank guarantee is beyond the mentioned amount in the bank guarantee, if the bank guarantee is encashed by indulging into fraud behind the back of the Banks, then it could be understood that this Contract is vitiated the fraud, but in this case, the bank guarantees have remained same and the Corporate Debtor has taken additional financial support to accomplish the contract work. Such availing additional fina..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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