IBBI NCLAT Delhi Judgement Dated 16/07/2025 – Moratorium does not apply to any payment by co-applicant, direction of reversal of amount not sustained 

Case of ICICI Bank Ltd vs Chanchal Dua, NCLAT Delhi Judgement Dated 16th July 2025. The appellant tribunal  held that amount having not been received from the corporate debtor, there was no applicability of Section 14 of the IBC and moratorium was not applicable with regard to any payment by co-applicant. Thus, direction of adjudicating authority for reversal of amount is  not sustainable. 

(Link: NCLAT Judgement Dated 16/07/2025)

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