Moratorium under insolvency law bars suits, asset transfers, enforcement actions, and protects essential supplies during resolution. Moratorium under the Insolvency and Bankruptcy Code operates from the insolvency commencement date and prohibits suits, asset transfers, enforcement of security interests, and recovery of property against the corporate debtor. It protects essential and critical supplies, preserves licences and similar rights during insolvency subject to current dues, and applies to proceedings under guarantees against the corporate debtor. The moratorium continues until completion of the corporate insolvency resolution process and ends on approval of a resolution plan or liquidation order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Moratorium under insolvency law bars suits, asset transfers, enforcement actions, and protects essential supplies during resolution.
Moratorium under the Insolvency and Bankruptcy Code operates from the insolvency commencement date and prohibits suits, asset transfers, enforcement of security interests, and recovery of property against the corporate debtor. It protects essential and critical supplies, preserves licences and similar rights during insolvency subject to current dues, and applies to proceedings under guarantees against the corporate debtor. The moratorium continues until completion of the corporate insolvency resolution process and ends on approval of a resolution plan or liquidation order.
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