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Effect of admission of application.

Section 85 - Act - FRESH START PROCESS - Insolvency and Bankruptcy Code, 2016 - Section 85 - 85. (1) On the date of admission of the application, the moratorium period shall commence in respect of all the debts. (2) During the moratorium period- (a) .....

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ing the moratorium period, the debtor shall- (a) not act as a director of any company, or directly or indirectly take part in or be concerned in the promotion, formation or management of a company; (b) not dispose of or alienate any of his assets; (c .....

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