IBC | Moratorium Does Not Extinguish Claim : Supreme Court

LIVELAW NEWS NETWORK

21 Dec 2024 2:42 PM IST

  • IBC | Moratorium Does Not Extinguish Claim : Supreme Court

    The Supreme Court has held that a moratorium declared under Section 14 of the Insolvency and Bankruptcy Code, 2016 will not extinguish a claim. The Court stated that Section 14 bars the institution/continuation of legal proceedings against the corporate debtor, transfer of assets, enforcement of security interest etc."If the argument that the claims of all the creditors of the Corporate...

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