https://www.taxtmi.com/caselaws?id=299771 The National Company Law Tribunal, New Delhi Principal Bench, held that refunding money to individual allottees during the Corporate Insolvency Resolution Process (CIRP) period is impermissible as it could disrupt the insolvency resolution process and lead to preferential treatment. The tribunal emphasized maintaining stability and adherence to insolvency laws, dismissing the application seeking a refund for a house allotment. This decision reinforces the importance of upholding insolvency principles, preventing preferential payments, and ensuring a stable environment for effective resolution of insolvency cases. en-us Thu, 16 Jan 2020 00:00:00 +0530 Wed, 29 Dec 2021 08:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299771 The National Company Law Tribunal, New Delhi Principal Bench, held that refunding money to individual allottees during the Corporate Insolvency Resolution Process (CIRP) period is impermissible as it could disrupt the insolvency resolution process and lead to preferential treatment. The tribunal emphasized maintaining stability and adherence to insolvency laws, dismissing the application seeking a refund for a house allotment. This decision reinforces the importance of upholding insolvency principles, preventing preferential payments, and ensuring a stable environment for effective resolution of insolvency cases. Case-Laws Insolvency and Bankruptcy Thu, 16 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299771