Section 14 IBC Moratorium Does Not Shield Promoters and Directors from Consumer Proceedings: Supreme Court Clarifies the Law
Introduction The interplay between insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) and consumer remedies has been the subject of considerable judicial scrutiny over the past few years. While the IBC seeks to preserve the assets of a corporate debtor during the Corporate Insolvency Resolution Process (CIRP), questions have frequently arisen regarding the […]
