https://www.taxtmi.com/caselaws?id=794841 Section 96 of the Insolvency and Bankruptcy Code imposes an interim moratorium from filing an application under Sections 94 or 95 until its admission or rejection. During that period, proceedings concerning any debt are stayed and creditors cannot initiate fresh proceedings. The embargo applies by operation of law and is not limited to a particular category of debtor. A composite suit instituted while the moratorium operates is barred under Section 96(1)(b)(ii) and cannot be separated defendant-wise to preserve part of the plaint. Such a plaint is liable to rejection under Order VII Rule 11(d) of the Code of Civil Procedure, and any decree founded on it cannot be sustained. en-us Thu, 09 Jul 2026 00:00:00 +0530 Mon, 13 Jul 2026 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794841 Section 96 of the Insolvency and Bankruptcy Code imposes an interim moratorium from filing an application under Sections 94 or 95 until its admission or rejection. During that period, proceedings concerning any debt are stayed and creditors cannot initiate fresh proceedings. The embargo applies by operation of law and is not limited to a particular category of debtor. A composite suit instituted while the moratorium operates is barred under Section 96(1)(b)(ii) and cannot be separated defendant-wise to preserve part of the plaint. Such a plaint is liable to rejection under Order VII Rule 11(d) of the Code of Civil Procedure, and any decree founded on it cannot be sustained. Case-Laws IBC Thu, 09 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794841