HC Stays Penalty order passed by IBBI against alleged Moratorium Term violations

Mohan Lal Jain Vs IBBI (Delhi High Court) In the present case, the petitioner filed an application seeking exemption from filing certified/typed copies of the documents. The petitioner is alleged to have violated the terms of moratorium inasmuch as he is stated to have allowed some amounts to flow out to a debtor in violation of the provisions of IBC. high Court states that taking into account the totality of the facts and the circumstances, the operation of the impugned order is stayed subject to the petitioner depositing within 10 days from today a sum of Rs.25 lacs with the respondent no.1 ...