https://www.taxtmi.com/caselaws?id=788890 An interim moratorium under Section 96 begins on the filing of a Section 95 application and bars fresh creditor proceedings in respect of the same debt. A later Section 95 application filed while that moratorium was operating was non-maintainable, and the defect was not cured by the subsequent withdrawal of the earlier application, because proceedings instituted in breach of the statutory bar are non est when filed and cannot be validated retrospectively. The resulting admission orders could not stand, and the issue was resolved in favour of the appellants. en-us Fri, 27 Mar 2026 00:00:00 +0530 Tue, 31 Mar 2026 08:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788890 An interim moratorium under Section 96 begins on the filing of a Section 95 application and bars fresh creditor proceedings in respect of the same debt. A later Section 95 application filed while that moratorium was operating was non-maintainable, and the defect was not cured by the subsequent withdrawal of the earlier application, because proceedings instituted in breach of the statutory bar are non est when filed and cannot be validated retrospectively. The resulting admission orders could not stand, and the issue was resolved in favour of the appellants. Case-Laws IBC Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788890