IBC: Proceedings can be initiated u/s 66 during moratorium

Rakesh Kumar Jain Vs Jagdish Singh Nain (NCLAT Delhi) Held that the contention that during moratorium imposed u/s 14 of IBC, the Adjudicating authority shall not pass an order u/s 66 of IBC, is without any merit. Facts- The Appellant is a corporate insolvency resolution professional of HBN Homes Colonizers Ltd. and whereas the Respondent is Resolution Professional of HBN Foods Ltd. The Appellant is looking after the insolvency resolution process, questioned the above order on the ground that during moratorium imposed u/s. 14 of IBC, the Adjudicating Authority is not competent to issue such dir...