2020 (1) TMI 1548

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..... llottees during the CIRP period? - HELD THAT:- Once CIRP period is commenced, it has to be construed as calm period, in which, the IRP is supposed to maintain status quo position until the Resolution plan is approved or the company is sent for Liquidation. The question of refunding allotment to one of the allottees will not arise during the CIR period, whereby this application is hereby dismis .....

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..... ees assailing the order passed by the Interim Resolution Professional, on 24.12.2019, declining the claim request made by the applicant on the ground there is no recourse under law to repay this money during the CIRP period, and also on the ground, any event, if this payment is made, it will become a preferential payment to one of the allottees. Since the sum and substance of the application is .....

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