Payments From Corporate Debtor's Account Post-CIRP Commencement Without IRP Approval Is Breach Of Moratorium: NCLT Mumbai Directs Refund

NCLT Mumbai directed a refund, ruling that payments made from a corporate debtor's account post-CIRP commencement without IRP approval breach the moratorium. This decision clarifies the scope of the IBC moratorium. It underscores the importance of IRP approvals. This ruling reflects the tribunal's emphasis on legal principles. It emphasizes the need for clear guidelines. The ruling aims to ensure legal compliance.