SUPREME COURT
IBC Moratorium Applies Only To Corporate Debtor, Not Directors Or Promoters: Supreme Court
Case Title : TEJAS J.SHAH & AMISHA T. SHAH & ORS VERSUS MANTRI TECHNOLOGY CONSTELLATIONS PVT.LTD.
Case Number : CIVIL APPEAL NOS.4289-4290 OF 2025
CITATION : 2026 LLBiz SC 248
The Supreme Court on Monday held that the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, operates only against the corporate debtor. It ruled that courts or adjudicating authorities cannot enlarge its scope to cover directors, promoters, subsidiary companies, personal guarantors or any other persons unless the statute expressly provides so. The court observed that the scope of the moratorium is statutory and must remain confined to…