Islamic Bank

Ruling: 
Official committee of unsecured creditors was entitled to turnover of funds that debtorinvested with foreign banks that were not entitled to setoff of those funds against debts owedto them by debtor. (Bankr. S.D.N.Y.)
Issue: 
Turnover of Property to the Estate; Payment of Matured Debts to Trustee.
ABI Membership is required to access the full summary of Islamic Bank. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on April 23,2021, LexisNexis #0621-014