Existence of moratorium ceases once proceedings under IBC culminates

Sunil Kumar Pandey and Anr Vs Union of India (Delhi High Court)

Delhi High Court held that the moratorium will cease to exist once the proceedings under the Insolvency and Bankruptcy Code culminates.

Facts- The Appellants have placed on record the to show that they have been defrauded by one builder, namely, Kunal Structural Developers and Industries Pvt Ltd. (Respondent No.3) in collusion with Indiabulls Housing Finance Limited (Respondent No. 4).
The Appellant has already approached the State

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