https://www.taxtmi.com/caselaws?id=448872 SC held that moratorium under Section 14 of IBC against a company does not extend protection to its directors/officers. In a case where home buyers sought direction for project completion and possession handover, the court ruled that proceedings can be initiated against directors/officers for execution of orders passed against the company, provided they are otherwise liable to comply. The National Commission failed to adjudicate whether directors were obligated to abide by directions issued against the company. The impugned orders were set aside and execution application remitted back to National Commission. en-us Wed, 17 Jan 2024 00:00:00 +0530 Wed, 31 Jan 2024 20:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448872 SC held that moratorium under Section 14 of IBC against a company does not extend protection to its directors/officers. In a case where home buyers sought direction for project completion and possession handover, the court ruled that proceedings can be initiated against directors/officers for execution of orders passed against the company, provided they are otherwise liable to comply. The National Commission failed to adjudicate whether directors were obligated to abide by directions issued against the company. The impugned orders were set aside and execution application remitted back to National Commission. Case-Laws Insolvency and Bankruptcy Wed, 17 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448872