Moratorium under IBC applies only to corporate debtor not to promoters: SC – Business Standard
The Supreme Court has held that moratorium under provisions of IBC which restrains initiation of any fresh proceedings applies only to the Corporate Debtor but does not protect the promoters TopicsSupreme Court|IBC|Corporate growth The Supreme Court has held that moratorium under provisions of Insolvency and Bankruptcy Code (IBC) which restrains initiation of any fresh proceedings…