https://www.taxtmi.com/manuals?id=3066 A moratorium declared on the insolvency commencement date creates a standstill during the CIRP, prohibiting institution or continuation of suits, execution of judgments, and actions to transfer, encumber, alienate or dispose of the corporate debtor's assets, and to foreclose or enforce security interests. Supplies of essential goods and services necessary to preserve the corporate debtor as a going concern shall not be terminated, subject to payment of current dues. Exceptions include transactions notified by the Central Government and proceedings against sureties; the moratorium ends on approval of a resolution plan or an order for liquidation. en-us Mon, 07 Aug 2023 15:58:00 +0530 Tue, 26 Dec 2023 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3066 A moratorium declared on the insolvency commencement date creates a standstill during the CIRP, prohibiting institution or continuation of suits, execution of judgments, and actions to transfer, encumber, alienate or dispose of the corporate debtor's assets, and to foreclose or enforce security interests. Supplies of essential goods and services necessary to preserve the corporate debtor as a going concern shall not be terminated, subject to payment of current dues. Exceptions include transactions notified by the Central Government and proceedings against sureties; the moratorium ends on approval of a resolution plan or an order for liquidation. Manuals IBC Mon, 07 Aug 2023 15:58:00 +0530 https://www.taxtmi.com/manuals?id=3066