Effect of Moratorium on proceedings initiated by the Corporate Debtor

Section 14 of the Insolvency and Bankruptcy Code, 2016 [“the Code”] proscribes institution of suits or proceedings against the corporate debtor once the adjudicating authority i.e. the National Company Law Tribunal [“NCLT”] admits an application filed under Section 7,9 or 10 of the Code. The objective behind bringing the suit proceedings against the corporate debtor… Continue reading Effect of Moratorium on proceedings initiated by the Corporate Debtor

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