https://www.taxtmi.com/caselaws?id=472663 Section 14 of the Insolvency and Bankruptcy Code, 2016 stays suits and proceedings against a corporate debtor during the insolvency resolution process but does not bar proceedings instituted by it. A counterclaim under Order VIII Rule 6A(2) of the Code of Civil Procedure has the effect of a cross-suit. Accordingly, a corporate debtor may continue prosecuting its counterclaim on merits through its duly appointed resolution professional, while the plaintiff's claim against the corporate debtor remains stayed. en-us Wed, 21 Feb 2024 00:00:00 +0530 Wed, 21 Oct 2026 15:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472663 Section 14 of the Insolvency and Bankruptcy Code, 2016 stays suits and proceedings against a corporate debtor during the insolvency resolution process but does not bar proceedings instituted by it. A counterclaim under Order VIII Rule 6A(2) of the Code of Civil Procedure has the effect of a cross-suit. Accordingly, a corporate debtor may continue prosecuting its counterclaim on merits through its duly appointed resolution professional, while the plaintiff's claim against the corporate debtor remains stayed. Case-Laws IBC Wed, 21 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472663