https://www.taxtmi.com/caselaws?id=766818 The Delhi HC held that the moratorium period under Section 14 of the IBC must be excluded when computing limitation for filing restoration applications under Order IX Rule 9 CPC. The court rejected the argument that moratorium applies only to suits against the corporate debtor, not by it, finding that moratorium removes legal rights from ex-directors/management to continue civil proceedings. The suits were dismissed during the moratorium period from 14.05.2018 to 28.11.2019, and despite delay in filing the restoration application, the court condoned it considering the corporate insolvency resolution process. The impugned order was set aside, matter remanded to trial court, and appeal allowed. en-us Mon, 03 Mar 2025 00:00:00 +0530 Wed, 05 Mar 2025 07:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766818 The Delhi HC held that the moratorium period under Section 14 of the IBC must be excluded when computing limitation for filing restoration applications under Order IX Rule 9 CPC. The court rejected the argument that moratorium applies only to suits against the corporate debtor, not by it, finding that moratorium removes legal rights from ex-directors/management to continue civil proceedings. The suits were dismissed during the moratorium period from 14.05.2018 to 28.11.2019, and despite delay in filing the restoration application, the court condoned it considering the corporate insolvency resolution process. The impugned order was set aside, matter remanded to trial court, and appeal allowed. Case-Laws IBC Mon, 03 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766818