Moratorium u/s 14 of IBC applies only to Corporate Debtor: Allahabad HC [Read Order]

Allahabad HC observed that moratorium under Section 14 of IBC applies only to Corporate Debtor
By Kalyani B. Nair - On May 22, 2024 4:05 pm - 2 mins read
Allahabad High Court - insolvency - bankruptcy - Corporate debtor - Moratorium period - TAXSCAN

The Allahabad High Court observed that moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) applies only to Corporate Debtor. The opposite party No.2 had filed an application under Section 138 N.I. Act against the applicant and his company, namely, M/s Saraya Industries Ltd. Learned trial court, after perusal of…

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