New Delhi, Sep 16 (SocialNews.XYZ) The Supreme Court on Thursday held the moratorium under provisions of the Insolvency and Bankruptcy Code (IBC), which restrains initiation of any fresh proceedings or discontinuance of existing ones, does not protect the promoters of the stressed company, but applies only to the corporate debtor.
A bench of Justices D.Y. Chandrachud, Vikram Nath, and Hima Kohli said: "It is clear that the moratorium provision contained in Section 14 IBC would......