Order of District Consumer Commissioner after imposition of moratorium u/s. 14 of IBC is not maintainable

SREI Equipment Finance Limited Vs Rajesh Bajirao Khandewar (Bombay High Court) Bombay High Court held that order of District Consumer Dispute Redressal Commission passed after imposition of moratorium u/s. 14 of Insolvency and Bankruptcy Code cannot have binding effect of the company. Accordingly, petition is allowed. Facts- The petitioner is a Company registered under the Companies Act. The application for initiation of insolvency resolution process was admitted and moratorium u/s. 14 of the Insolvency and Bankruptcy Code came to be imposed. The resolution plan of the petitioner Company has ...