which explained the scope of moratorium, and according to
which, the moratorium provisions under Part III IBC were not meant to stay actions
against ... admission, the moratorium under
Section 101 comes into operation. The interim moratorium under Section 96 and the
moratorium under Section 101 IBC are designed
IBC when an application is filed under Section
94 or Section 95 of the IBC, an interim moratorium
shall commence on the date ... ambit of an insolvency moratorium. In
P. Mohanraj (supra) this Court held that a
moratorium under Section 14 of the IBC extends to
proceedings under
object sought to be
9
achieved by the IBC in imposing this moratorium, a quasi-criminal proceeding
which would result in the assets ... when an application is
filed under Section 94 of the IBC, then interim-moratorium applies to the
debts of a company, but when the application
IBC"), after considering the facts and
circumstances of the case, had admitted the petition under Section 9 of the
IBC and had declared moratorium ... Tribunal admitting the petition under
Section 9 of the IBC and declaring moratorium in terms of Section
14 of IBC and Interim Resolution Professional
Commercial Admiralty Suit No. 285 of 2015.
Consequently, a Moratorium under S. 14 of the IBC was also declared by the said Order
dated ... ADMS-6-2015
2015 that an Order of Moratorium under S. 14 of the IBC has no bearing whatsoever
upon admiralty proceedings, which are prosecuted
Commercial Admiralty Suit No. 285 of 2015.
Consequently, a Moratorium under S. 14 of the IBC was also declared by the said Order
dated ... ADMS-6-2015
2015 that an Order of Moratorium under S. 14 of the IBC has no bearing whatsoever
upon admiralty proceedings, which are prosecuted
further submitted that Section 14(3) (b) of the IBC provides that
Moratorium will not be applicable 'to a surety in a contract ... interest' as
defined under section 3(31) of the IBC. Therefore, during the moratorium the
bank guarantee cannot be invoked as the same
Commercial Admiralty Suit No. 285 of 2015.
Consequently, a Moratorium under S. 14 of the IBC was also declared by the said Order
dated ... ADMS-6-2015
2015 that an Order of Moratorium under S. 14 of the IBC has no bearing whatsoever
upon admiralty proceedings, which are prosecuted
Commercial Admiralty Suit No. 285 of 2015.
Consequently, a Moratorium under S. 14 of the IBC was also declared by the said Order
dated ... ADMS-6-2015
2015 that an Order of Moratorium under S. 14 of the IBC has no bearing whatsoever
upon admiralty proceedings, which are prosecuted
Commercial Admiralty Suit No. 285 of 2015.
Consequently, a Moratorium under S. 14 of the IBC was also declared by the said Order
dated ... ADMS-6-2015
2015 that an Order of Moratorium under S. 14 of the IBC has no bearing whatsoever
upon admiralty proceedings, which are prosecuted
