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<h1>Interim moratorium on creditor actions begins on filing, staying proceedings and barring new actions until bankruptcy commencement.</h1> Section 124 provides that an interim moratorium begins on the date of filing an insolvency application and continues until the bankruptcy commencement date, during which pending proceedings are stayed and creditors cannot initiate new actions against the debtor's property; if the application relates to a firm, the moratorium applies to all partners on the application date, subject to exceptions notified by the Central Government in consultation with a financial sector regulator.