https://www.taxtmi.com/caselaws?id=303444 A moratorium under section 14 of the Insolvency and Bankruptcy Code bars both the institution and continuation of proceedings against a corporate debtor before any court, tribunal or authority, and also prevents recovery action. The provision was treated as clear and unambiguous, so no external material could be used to read in an exception. SEBI adjudication proceedings initiated after commencement of the moratorium, along with the penalty order and proposed recovery, were therefore without jurisdiction and liable to be quashed. en-us Fri, 09 Oct 2020 00:00:00 +0530 Sat, 23 Jul 2022 09:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303444 A moratorium under section 14 of the Insolvency and Bankruptcy Code bars both the institution and continuation of proceedings against a corporate debtor before any court, tribunal or authority, and also prevents recovery action. The provision was treated as clear and unambiguous, so no external material could be used to read in an exception. SEBI adjudication proceedings initiated after commencement of the moratorium, along with the penalty order and proposed recovery, were therefore without jurisdiction and liable to be quashed. Case-Laws SEBI Fri, 09 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303444