TERMINATION OF CONTRACTS DURING THE MORATORIUM: UNDERSTANDING SECTION 14
Introduction The main objective of Section 14 of the Insolvency and Bankruptcy Code is to preserve the debtor’s property. The said section mandates a moratorium that has to be issued on the corporate debtor’s assets while the Corporate Insolvency Resolution Process (“CIRP”) takes place. A moratorium is basically an interlude for the corporate debtor instead…
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