Section 7 IBC Application Triggers Moratorium, Halting SEBI Auctions and All Recovery Actions Against Corporate Debtor.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Overriding effect of IBC on all proceedings after initiation of Section 7 Application - SEBI can auction the property of the Corporate Debtor or not - - Law is well settled that when moratorium comes into operation, no other proceedings for recovery against the Corporate Debtor can be continued. - AT....