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2022 (11) TMI 757 - AT - Insolvency and BankruptcyApproval of committee of creditors for certain actions - related parties transactions or not - Section 28 of IBC - HELD THAT:- The Adjudicating Authority, while allowing the application has categorically found that no prior approval was taken from the CoC, therefore, action taken under Section 28(1) was void. It has categorically dealt with the argument raised by the Appellant before us that since the accounts were placed before the CoC and they did not raise any objection, therefore, it was deemed approval to hold that no such provision is there in Section 28, the finding recorded by the Adjudicating Authority in the impugned order is approved. Submissions made by the Appellant that they have rendered services and the erstwhile RP is to be blamed is not the subject matter of this application because the fact remains that the erstwhile RP made the payments to the present Appellants which has been ordered to be reimbursed regarding which no approval of the CoC was taken in terms of Section 28(3) of the Code. Appeal dismissed.
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