Moratorium under insolvency law now extends to surety-led guarantee proceedings against the corporate debtor. Amends section 14 of the principal insolvency law by expanding the moratorium reference in sub-section (1) to include sub-section (2A) and by clarifying that the moratorium also applies where a surety seeks to initiate or continue action or proceedings against the corporate debtor under a contract of guarantee. The inserted Explanation removes doubt about the application of the moratorium to guarantee-related proceedings brought by a surety against the corporate debtor.