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of <h1>Moratorium Initiated Under Section 100 of Insolvency and Bankruptcy Code: Key Provisions and Impact on Debt Actions</h1> When an application is admitted under section 100 of the Insolvency and Bankruptcy Code, 2016, a moratorium begins, lasting either 180 days from admission or until the Adjudicating Authority orders a repayment plan under section 114. During this period, legal actions concerning debts are stayed, creditors cannot initiate new legal proceedings, and the debtor is prohibited from transferring or encumbering assets. If the application involves a firm, the moratorium applies to all partners. Certain transactions may be exempted by the Central Government in consultation with financial regulators. These provisions came into effect on December 1, 2019.
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