An interlocutory application (IA 625/2024) was filed by Mecon Limited seeking the lifting of the moratorium imposed on Intec India Limited (Corporate Debtor) to reverse an erroneous fund transfer. Mecon Limited inadvertently transferred funds to Intec India Limited's account instead of Intec Infonet Private Limited.
Mecon Limited inadvertently transferred funds to Intec India Limited instead of Intec Infonet Private Limited.
The funds transferred amounted to Rs. 35,22,923.62 and Rs. 14,39,566.33.
Intec India Limited is undergoing Corporate Insolvency Resolution Process (CIRP) and a moratorium has been imposed.
The Resolution Professional (RP) acknowledged the erroneous transfer but cited the moratorium as a reason for not being able to reverse the transaction.
The NCLT had previously admitted a petition under Section 7 of the IBC against Intec India Limited and initiated CIRP.
The applicant is not a stakeholder in the CIRP proceeding.
The corporate debtor has another account bearing No. 00710500786 with ICICI Bank situated at Safdarjung Enclave, New Delhi-110029.
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Company Petition No.…
The petition under Section 7 of the Insolvency…
An interlocutory application (IA 625/2024) was filed by Mecon Limited seeking the lifting of the moratorium imposed on Intec India Limited (Corporate Debtor) to reverse an erroneous fund transfer. Mecon Limited inadvertently transferred funds to Intec India Limited's account instead of Intec Infonet Private Limited.
Mecon Limited inadvertently transferred funds to Intec India Limited instead of Intec Infonet Private Limited.
The funds transferred amounted to Rs. 35,22,923.62 and Rs. 14,39,566.33.
Intec India Limited is undergoing Corporate Insolvency Resolution Process (CIRP) and a moratorium has been imposed.
The Resolution Professional (RP) acknowledged the erroneous transfer but cited the moratorium as a reason for not being able to reverse the transaction.
The NCLT had previously admitted a petition under Section 7 of the IBC against Intec India Limited and initiated CIRP.
The applicant is not a stakeholder in the CIRP proceeding.
The corporate debtor has another account bearing No. 00710500786 with ICICI Bank situated at Safdarjung Enclave, New Delhi-110029.
…Company Petition No.…
The petition under Section 7 of the Insolvency…