https://www.taxtmi.com/caselaws?id=427692 The court ruled that the present suit can continue despite the commencement of liquidation proceedings against defendant no.1 under the Insolvency and Bankruptcy Code. The court clarified that the moratorium under Sections 33(5), 63, and 231 of the IBC does not apply to pending suits, allowing the plaintiff's claims to proceed. The Liquidator was directed not to adjudicate the plaintiff's claim separately, as it will be addressed in the ongoing suit. Further proceedings are scheduled for 19th September 2022. en-us Tue, 13 Sep 2022 00:00:00 +0530 Thu, 15 Sep 2022 07:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427692 The court ruled that the present suit can continue despite the commencement of liquidation proceedings against defendant no.1 under the Insolvency and Bankruptcy Code. The court clarified that the moratorium under Sections 33(5), 63, and 231 of the IBC does not apply to pending suits, allowing the plaintiff's claims to proceed. The Liquidator was directed not to adjudicate the plaintiff's claim separately, as it will be addressed in the ongoing suit. Further proceedings are scheduled for 19th September 2022. Case-Laws Insolvency and Bankruptcy Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427692