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    <title>2026 (9) TMI 301 - BOMBAY HIGH COURT</title>
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    <description>Section 96(4) of the Insolvency and Bankruptcy Code excludes applications concerning personal guarantors to corporate debtors from the interim moratorium under Section 96 from 26 May 2026. Its reference to an application being filed extends to applications already pending, operating prospectively on their continuing status without impairing vested rights; the identity of the insolvency applicant is irrelevant. Consequently, a pending personal-guarantor insolvency application does not bar a Section 9 arbitration petition after that date. Where arbitration agreements are admitted, narrowly tailored interim measures may include asset disclosure and restraint on alienation or dissipation of disclosed assets, without requiring deposit of the claimed amount.</description>
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