https://www.taxtmi.com/caselaws?id=415619 The Tribunal upheld the Adjudicating Authority's decision to direct the refund of payments made by the Corporate Debtor post-CIRP commencement, totaling Rs. 17,89,767/-. The Appellant's argument that the services provided were essential and exempt from the moratorium under Section 14(2) of the IBC was rejected. The Tribunal found that the services did not qualify as "essential services" under the CIRP Regulations and affirmed the order for refund, dismissing the appeal. en-us Thu, 09 Dec 2021 00:00:00 +0530 Fri, 10 Dec 2021 08:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415619 The Tribunal upheld the Adjudicating Authority's decision to direct the refund of payments made by the Corporate Debtor post-CIRP commencement, totaling Rs. 17,89,767/-. The Appellant's argument that the services provided were essential and exempt from the moratorium under Section 14(2) of the IBC was rejected. The Tribunal found that the services did not qualify as "essential services" under the CIRP Regulations and affirmed the order for refund, dismissing the appeal. Case-Laws Insolvency and Bankruptcy Thu, 09 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415619