Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2018 (5) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 1760 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - outstanding Operational Debt - Held that:- It is hereby pronounced that the "Moratorium" as prescribed under section 14 of the Code 2016 shall come into operation. As a result, Institution of any suit or parallel Proceedings before any Court of law are prohibited. The assets of the Debtor must not be liquidated until the Insolvency Process is completed. However, the supply of essential goods or services to the Corporate Debtor shall not be suspended or interrupted during "Moratorium Period". This direction shall have effect from the date of this Order till the completion of Insolvency Resolution process.
|