Lein in Corporate Debtor prior to CIRP cannot continue after Moratorium imposed u/s 14of IBC: NCLAT [Read Order]

Lein in Corporate Debtor prior to - CIRP cannot continue after Moratorium imposed - IBC - NCLAT - TAXSCAN

The National Company Law Tribunal (NCLT), Mumbai Bench, has held that the lien created on the Corporate Debtor’s account prior to initiation of the Corporate Insolvency Resolution Process (“CIRP”) cannot sustain after the moratorium is imposed under the Section 14 of Insolvency Bankruptcy Code (IBC) post-CIRP process. Mrs. Teena Saraswat Pandey, the Applicant is the…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader