Payment after CIRP without consent of IRP is breach of moratorium: NCLT Mumbai

Ashish Arjunkumar Rathi Vs Sunil Gutte & 5 others (NCLT Mumbai)

NCLT Mumbai held that payment made after Corporate Insolvency Resolution Process [CIRP] without consent of Interim Resolution Professional [IRP] is breach of moratorium as provided in Section 14 of the Code. Hence, payment is liable to be refunded back to Corporate Debtor.

Facts- The present application is being filed by the Applicant, namely. Sunil Hitech Engineers Ltd. through its resolution professional Mr. Ashish Arjunkumar Rathi seeking, inter alia, directions for refund of certain amou

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