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2022 (12) TMI 351 - AT - Insolvency and BankruptcySeeking refund to the Corporate Debtor with interest being the amounts illegally retained by them and which amounts were given during moratorium period for supply of goods/components - punishment for contravention of Section 14, 31 and Section 74 of IBC for siphoning off proceeds of Corporate Debtor in contravention of Moratorium imposed by this Hon’ble Tribunal - HELD THAT:- It is an admitted case that the Resolution Plan was approved by the Adjudicating Authority on 02.04.2019 and thereafter, I.A. No. 3927 of 2020 was filed on 14.09.2020 before the Adjudicating Authority approximately after 18 months of approval of the Resolution Plan. Keeping in view of the aforenoted facts, we agree with the reasons given by the Adjudicating Authority, therefore, the impugned order dated 16.08.2021 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench-II) in (IB) 334(ND)/2017 in IA/3927/2020 & 1356/2021 is hereby affirmed. The instant Appeal is hereby dismissed.
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