Tag: Insolvency Proceedings Compliance

Abuse of Interim Moratorium Under Section 96 of the Insolvency and Bankruptcy Code, 2016: A Legal Perspective

Abuse of Interim Moratorium Under Section 96 of the Insolvency and Bankruptcy Code, 2016: A Legal Perspective

Introduction The Insolvency and Bankruptcy Code, 2016 (“IBC”) was enacted to streamline insolvency proceedings and ensure timely resolution of distressed assets. However, certain provisions of the IBC, particularly Section 96, which provides for an interim