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of <h1>Section 14 of Insolvency Code: Moratorium Halts Legal Actions & Asset Transfers During Corporate Insolvency Resolution Process</h1> Section 14 of the Insolvency and Bankruptcy Code, 2016, establishes a moratorium during the corporate insolvency resolution process. Upon commencement, the Adjudicating Authority declares a moratorium prohibiting the institution or continuation of legal proceedings against the corporate debtor, transferring or disposing of assets, and actions to recover property. Essential goods and services must continue, and critical supplies cannot be interrupted unless dues are unpaid. The moratorium does not apply to certain transactions or guarantees. It remains effective until the resolution plan is approved or liquidation is ordered. Licenses and permits remain valid if current dues are paid.
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