https://www.taxtmi.com/caselaws?id=776073 A stay of an IBC admission order suspends its operation but does not quash the order, revive the pre-admission status quo, or extinguish the moratorium. An application seeking reversal of lender withdrawals made during the stay was not barred by res judicata, issue estoppel, or merger because the restitution question had not been finally adjudicated earlier. Lenders who benefited from the interim stay were required to restore the withdrawn sums on final dismissal of the appeal under restitution principles. The Resolution Professional was found unjustified in handing back control to the suspended management without tribunal directions, and no interest was payable on the refunded amounts. en-us Thu, 31 Jul 2025 00:00:00 +0530 Tue, 05 Aug 2025 07:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776073 A stay of an IBC admission order suspends its operation but does not quash the order, revive the pre-admission status quo, or extinguish the moratorium. An application seeking reversal of lender withdrawals made during the stay was not barred by res judicata, issue estoppel, or merger because the restitution question had not been finally adjudicated earlier. Lenders who benefited from the interim stay were required to restore the withdrawn sums on final dismissal of the appeal under restitution principles. The Resolution Professional was found unjustified in handing back control to the suspended management without tribunal directions, and no interest was payable on the refunded amounts. Case-Laws IBC Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776073