Section 14(1) Moratorium Exemption for Oilfields Contracts and Licenses under the Insolvency and Bankruptcy Code.

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Full Text of the Document

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....CIRP - Power to declare moratorium for prohibiting - Provisions of Section 14(1) shall not apply in respect of the Production Sharing Contracts, Revenue Sharing Contracts, Exploration Licenses and Mining Leases made under the Oilfields (Regulation and Development) Act, 1948 (53 of 1948) and rules made thereunder - Insolvency and Bankruptcy Code, 20 - Notification....