https://www.taxtmi.com/caselaws?id=789547 An insolvency moratorium under Section 14 of the IBC applies only to the corporate debtor against whom CIRP is initiated, while the interim moratorium under Section 96 applies only to the debtor who is the subject of the Part III insolvency application. Read with Sections 94, 95 and 101, the statutory scheme confines protection to the relevant debtor and the debts forming the application's subject matter. Principles of coextensive liability and subrogation do not extend that protection to a separate principal borrower against whom no insolvency proceedings are pending. The suit may therefore continue against the principal borrower. en-us Mon, 06 Apr 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789547 An insolvency moratorium under Section 14 of the IBC applies only to the corporate debtor against whom CIRP is initiated, while the interim moratorium under Section 96 applies only to the debtor who is the subject of the Part III insolvency application. Read with Sections 94, 95 and 101, the statutory scheme confines protection to the relevant debtor and the debts forming the application's subject matter. Principles of coextensive liability and subrogation do not extend that protection to a separate principal borrower against whom no insolvency proceedings are pending. The suit may therefore continue against the principal borrower. Case-Laws IBC Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789547