Moratorium under IBC does not shield directors/officers from liability: SC

Ansal Crown Heights Flat Buyers Association (REGD.) Vs Ansal Crown Infrabuild Pvt. Ltd. & Ors. (Supreme Court of India) The Supreme Court addressed the conflict between the rights of homebuyers and the implications of the Insolvency and Bankruptcy Code (IBC) in the case of Ansal Crown Heights Flat Buyers Association (REGD.) vs. Ansal Crown Infrabuild Pvt. Ltd. & Ors. The dispute arose over the execution of a directive from the National Consumer Disputes Redressal Commission regarding the completion of a housing project. The crux of the matter lay in whether the moratorium under Section...