https://www.taxtmi.com/caselaws?id=290173 The National Company Law Appellate Tribunal, New Delhi, rejected the Appellant's appeal in a case involving Corporate Insolvency Resolution Process (CIRP) initiation and moratorium violation. The Tribunal emphasized that actions violating the moratorium during CIRP are invalid, even if done unknowingly, and upheld the Adjudicating Authority's directive for the Appellant to deposit a specified amount. The Appellant's request for more time was denied, but lodging a claim against the Corporate Debtor was allowed if the money was deposited within 15 days. The judgment highlights the importance of complying with moratorium regulations during CIRP. en-us Wed, 06 Nov 2019 00:00:00 +0530 Fri, 11 Sep 2020 23:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290173 The National Company Law Appellate Tribunal, New Delhi, rejected the Appellant's appeal in a case involving Corporate Insolvency Resolution Process (CIRP) initiation and moratorium violation. The Tribunal emphasized that actions violating the moratorium during CIRP are invalid, even if done unknowingly, and upheld the Adjudicating Authority's directive for the Appellant to deposit a specified amount. The Appellant's request for more time was denied, but lodging a claim against the Corporate Debtor was allowed if the money was deposited within 15 days. The judgment highlights the importance of complying with moratorium regulations during CIRP. Case-Laws Insolvency and Bankruptcy Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290173