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    <title>2026 (8) TMI 243 - BOMBAY HIGH COURT</title>
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    <description>Section 96(4) of the Insolvency and Bankruptcy Code is described as excluding pending insolvency-resolution applications against personal guarantors to corporate debtors from the Section 96 interim moratorium from its effective date. The note characterises this application as retroactive rather than retrospective because it operates on an existing continuing status without impairing vested rights, and states that the applicant&#039;s identity is immaterial. It further explains that, once the moratorium ceases, Section 9 of the Arbitration and Conciliation Act may support limited interim measures requiring asset disclosure and restraining dissipation, where arbitration agreements and indebtedness are undisputed, pending arbitration.</description>
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      <description>Section 96(4) of the Insolvency and Bankruptcy Code is described as excluding pending insolvency-resolution applications against personal guarantors to corporate debtors from the Section 96 interim moratorium from its effective date. The note characterises this application as retroactive rather than retrospective because it operates on an existing continuing status without impairing vested rights, and states that the applicant&#039;s identity is immaterial. It further explains that, once the moratorium ceases, Section 9 of the Arbitration and Conciliation Act may support limited interim measures requiring asset disclosure and restraining dissipation, where arbitration agreements and indebtedness are undisputed, pending arbitration.</description>
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