https://www.taxtmi.com/caselaws?id=759081 Delhi HC held that moratorium under Section 14 of IBC, 2016 remains in effect as NCLAT did not stay it in its order dated 9 November 2023, only directing no further steps pursuant to NCLT's 16 October 2023 order. The court distinguished between counter-claims by corporate debtor (permissible during moratorium) and proceedings against corporate debtor (prohibited). Petition seeking institution of arbitral proceedings against respondent corporate debtor was adjourned sine die pending NCLAT proceedings or modification/lifting of moratorium, as such proceedings cannot be instituted while moratorium subsists. en-us Thu, 19 Sep 2024 00:00:00 +0530 Mon, 23 Sep 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759081 Delhi HC held that moratorium under Section 14 of IBC, 2016 remains in effect as NCLAT did not stay it in its order dated 9 November 2023, only directing no further steps pursuant to NCLT's 16 October 2023 order. The court distinguished between counter-claims by corporate debtor (permissible during moratorium) and proceedings against corporate debtor (prohibited). Petition seeking institution of arbitral proceedings against respondent corporate debtor was adjourned sine die pending NCLAT proceedings or modification/lifting of moratorium, as such proceedings cannot be instituted while moratorium subsists. Case-Laws Companies Law Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759081