https://www.taxtmi.com/caselaws?id=799403 Section 96(4) of the Insolvency and Bankruptcy Code applies from 26 May 2026 to qualifying personal-guarantor insolvency applications pending on that date, ending the pre-admission interim moratorium because it is a transitory procedural protection rather than a vested right. The ceased moratorium cannot restrain recovery, auction, appellate, or possession-enforcement proceedings. Interim orders restoring possession of secured assets or stopping receipt of auction consideration and issuance of sale certificates require recorded reasons addressing prima facie case, balance of convenience, and irreparable injury. Such orders must also hear affected auction purchasers; otherwise, they are procedurally unsupported and inconsistent with natural justice. en-us Fri, 18 Sep 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799403 Section 96(4) of the Insolvency and Bankruptcy Code applies from 26 May 2026 to qualifying personal-guarantor insolvency applications pending on that date, ending the pre-admission interim moratorium because it is a transitory procedural protection rather than a vested right. The ceased moratorium cannot restrain recovery, auction, appellate, or possession-enforcement proceedings. Interim orders restoring possession of secured assets or stopping receipt of auction consideration and issuance of sale certificates require recorded reasons addressing prima facie case, balance of convenience, and irreparable injury. Such orders must also hear affected auction purchasers; otherwise, they are procedurally unsupported and inconsistent with natural justice. Case-Laws IBC Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799403