https://www.taxtmi.com/caselaws?id=287037 The appeal by three creditors against an order directing repayment post-moratorium was dismissed by the National Company Law Tribunal, Kolkata Bench. The Tribunal upheld the Adjudicating Authority's decision, deeming the transfer of funds to creditors during the moratorium period as illegal. The creditors were instructed to refund the amount to the Corporate Debtor within 30 days, with the Resolution Professional authorized to initiate contempt proceedings if the directive was not followed. en-us Thu, 20 Sep 2018 00:00:00 +0530 Thu, 26 Mar 2020 09:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287037 The appeal by three creditors against an order directing repayment post-moratorium was dismissed by the National Company Law Tribunal, Kolkata Bench. The Tribunal upheld the Adjudicating Authority's decision, deeming the transfer of funds to creditors during the moratorium period as illegal. The creditors were instructed to refund the amount to the Corporate Debtor within 30 days, with the Resolution Professional authorized to initiate contempt proceedings if the directive was not followed. Case-Laws Insolvency and Bankruptcy Thu, 20 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287037