Mecon Limited inadvertently transferred Rs. 35,22,923.62 and Rs. 14,39,566.33 to Intec India Limited instead of Intec Infonet Private Limited.

Intec India Limited is undergoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the IBC, with a moratorium in place.

Mecon Limited is a public sector undertaking and not a party to the CIRP against Intec India Limited.

The Resolution Professional for Intec India Limited acknowledged the erroneous transfer but contended that the moratorium prevented him from reversing the transaction.

The funds transferred were not the assets of the Corporate Debtor (Intec India Limited) but were held in trust for the rightful beneficiary (Intec Infonet Private Limited).

Mecon Limited inadvertently transferred Rs. 35,22,923.62 and Rs. 14,39,566.33 to Intec India Limited instead of Intec Infonet Private Limited.

Intec India Limited is undergoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the IBC, with a moratorium in place.

Mecon Limited is a public sector undertaking and not a party to the CIRP against Intec India Limited.

The Resolution Professional for Intec India Limited acknowledged the erroneous transfer but contended that the moratorium prevented him from reversing the transaction.

The funds transferred were not the assets of the Corporate Debtor (Intec India Limited) but were held in trust for the rightful beneficiary (Intec Infonet Private Limited).