https://www.taxtmi.com/caselaws?id=418113 Section 96 interim moratorium under the Insolvency and Bankruptcy Code does not bar wilful defaulter proceedings. The moratorium is directed at debts and legal action against the debtor, while wilful defaulter proceedings are collateral measures aimed at credit information, lender caution, and prevention of fraud and public loss, not debt recovery. Because the two regimes serve different purposes, a bank may pursue wilful defaulter proceedings alongside insolvency proceedings under the Code. en-us Fri, 24 Dec 2021 00:00:00 +0530 Wed, 09 Feb 2022 05:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418113 Section 96 interim moratorium under the Insolvency and Bankruptcy Code does not bar wilful defaulter proceedings. The moratorium is directed at debts and legal action against the debtor, while wilful defaulter proceedings are collateral measures aimed at credit information, lender caution, and prevention of fraud and public loss, not debt recovery. Because the two regimes serve different purposes, a bank may pursue wilful defaulter proceedings alongside insolvency proceedings under the Code. Case-Laws Insolvency and Bankruptcy Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418113