https://www.taxtmi.com/caselaws?id=356082 The court stayed all further proceedings in the case, including the sale of attached machinery, due to the moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code. The court emphasized the overriding effect of the Code's provisions and the necessity to suspend recovery proceedings against the corporate debtor. The plaintiff's failure to comply with payment obligations led to the enforcement of the lien by the defendant. The court sympathized with the defendant but upheld the stay on proceedings in compliance with the IBC. en-us Thu, 15 Feb 2018 00:00:00 +0530 Sat, 24 Feb 2018 08:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356082 The court stayed all further proceedings in the case, including the sale of attached machinery, due to the moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code. The court emphasized the overriding effect of the Code's provisions and the necessity to suspend recovery proceedings against the corporate debtor. The plaintiff's failure to comply with payment obligations led to the enforcement of the lien by the defendant. The court sympathized with the defendant but upheld the stay on proceedings in compliance with the IBC. Case-Laws Companies Law Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356082