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Interim-moratorium.

Section 96 - Act - INSOLVENCY RESOLUTION PROCESS - Insolvency and Bankruptcy Code, 2016 - Section 96 - 96. (1) When an application is filed under section 94 or section 95- (a) an interim-moratorium shall commence on the date of the application in rel .....

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nd (ii) the creditors of the debtor shall not initiate any legal action or proceedings in respect of any debt. (2) Where the application has been made in relation to a firm, the interim-moratorium under sub-section (1) shall operate against all the p .....

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