Moratorium in creditor-initiated insolvency resolution process begins on application and needs creditor approval before confirmation. During a creditor-initiated insolvency resolution process, the resolution professional may seek a moratorium by applying to the Adjudicating Authority after approval of the committee of creditors. Before constitution of the committee, the application may be made with approval of the relevant financial creditors representing not less than fifty-one per cent in value. The moratorium starts from the date of application, continues during the process, and may be confirmed or rejected by the Adjudicating Authority. Public announcement is required for the filing and any rejection order.