https://www.taxtmi.com/article/detailed?id=10594 The moratorium bars suits, execution of decrees and recovery actions against the corporate debtor but does not prevent the Adjudicating Authority from invoking the Code's fraud remedy. Section 66 authorises the Adjudicating Authority to require persons who knowingly carried on business to defraud creditors, and directors or partners who failed to exercise due diligence before insolvency, to contribute to the corporate estate. Read harmoniously, the moratorium's procedural bar and the fraud provision's remedial object operate concurrently so that orders under the fraud provision during moratorium are competent and enforceable. en-us Tue, 09 Aug 2022 10:28:03 +0530 Tue, 09 Aug 2022 10:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10594 The moratorium bars suits, execution of decrees and recovery actions against the corporate debtor but does not prevent the Adjudicating Authority from invoking the Code's fraud remedy. Section 66 authorises the Adjudicating Authority to require persons who knowingly carried on business to defraud creditors, and directors or partners who failed to exercise due diligence before insolvency, to contribute to the corporate estate. Read harmoniously, the moratorium's procedural bar and the fraud provision's remedial object operate concurrently so that orders under the fraud provision during moratorium are competent and enforceable. Articles Corporate Laws / IBC / SEBI Tue, 09 Aug 2022 10:28:03 +0530 https://www.taxtmi.com/article/detailed?id=10594