https://www.taxtmi.com/caselaws?id=794841 Institution of a suit during the interim moratorium under Section 96 of the Insolvency and Bankruptcy Code is described as legally barred because the moratorium begins on filing an application under Sections 94 or 95 and continues until its admission or rejection. During that period, proceedings in respect of any debt are stayed and creditors cannot initiate fresh proceedings. The note explains that the expression "debt" is not confined to a particular debtor category for this embargo, and that the statutory bar applies automatically once insolvency proceedings are triggered. It also states that a composite plaint cannot be split defendant-wise to avoid the bar, attracting rejection under Order VII Rule 11(d) CPC and invalidating a decree founded on such suit. 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 Institution of a suit during the interim moratorium under Section 96 of the Insolvency and Bankruptcy Code is described as legally barred because the moratorium begins on filing an application under Sections 94 or 95 and continues until its admission or rejection. During that period, proceedings in respect of any debt are stayed and creditors cannot initiate fresh proceedings. The note explains that the expression "debt" is not confined to a particular debtor category for this embargo, and that the statutory bar applies automatically once insolvency proceedings are triggered. It also states that a composite plaint cannot be split defendant-wise to avoid the bar, attracting rejection under Order VII Rule 11(d) CPC and invalidating a decree founded on such suit. Case-Laws IBC Thu, 09 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794841