TMI BlogMoratorium.X X X X Extracts X X X X X X X X Extracts X X X X ..... its 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 or any legal right or beneficial interest therein; (c) any action to foreclose, recover or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... force, shall not be suspended or terminated on the grounds of insolvency, subject to the condition that there is no default in payment of current dues arising for the use or continuation of the license, permit, registration, quota, concession, clearances or a similar grant or right during the moratorium period; ] (2) The supply of essential goods or services to the corporate debtor as may be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied by the Central Government in consultation with any financial sector regulator or any other authority; ] (b) a surety in a contract of guarantee to a corporate debtor. ] (4) The order of moratorium shall have effect from the date of such order till the completion of the corporate insolvency resolution process: Provided that where at any time during the corporate insolvency resolution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) Act, 2020 w.e.f. 28-12-2019 3. Inserted vide Insolvency and Bankruptcy Code (Amendment) Act, 2020 w.e.f. 28-12-2019 4. Substituted vide Insolvency and Bankruptcy Code (Amendment) Act, 2020 w.e.f. 28-12-2019 before it was read as (a) such transaction as may be notified by the Central Government in consultation with any financial regulator; - - statute, statutory provis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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