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All legal proceedings deemed stayed when moratorium under Section 96 IBC kicks in: Delhi High Court - Vimarsana News

All legal proceedings deemed stayed when moratorium under Section 96 IBC kicks in: Delhi High Court

The court said that moratorium under Section 96 of the IBC comes into effect as soon as an application is filed by a creditor or debtor for insolvency proceedings under Section 94 or 95.

Plea challenging validity of Section 95 of IBC: Delhi High Court notice to Centre, RBI - Vimarsana News

Plea challenging validity of Section 95 of IBC: Delhi High Court notice to Centre, RBI

The petition argued that Section 240A of the IBC specifically permits the guarantor of a MSME to propose a resolution plan however the same is barred by Section 95.