IBBI NCLAT Delhi Judgement Dated 30/05/2025 – Funds use by suspended Management Post-Moratorium needs IRP nod 

Case of Sunil Gutte vs Avil Menezes, NCLAT Delhi Judgement Dated 30th May 2025.  The appellant authority held that once moratorium is declared, suspended management is also strictly prohibited from directly or indirectly deploying the funds of the Corporate Debtor unilaterally, without the authorisation of IRP, to clear any dues of any Financial Creditor or Operational Creditor. 

(Link: NCLAT Delhi Judgement Dated 30/05/2025)

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