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2018 (7) TMI 2124 - Tri - Insolvency and BankruptcyAdmissibility of petition - Section 10 of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- The petition is admitted - the moratorium is declared under Section 13 & 14 of the Code for prohibiting all of the following: (a) The Institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; (b)Transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets to any legal right or beneficial interest therein; (c) Any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002(54 of 2002); (d) The recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. (e) The supply of essential goods or services to the corporate debtor as may be specified shall not be terminated or suspended or interrupted during moratorium period. (f) The provision of sub-Section (I) shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (g) The order of moratorium shall have effect from the date of such order till the completion of the corporate insolvency resolution process.
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