Moratorium under Section 14 of IBC is not applicable on properties under unlawful Possession: NCLT

State Bank of India Vs Meenakshi Energy Ltd (NCLT Hyderabad)

Conclusion: In present facts of the case, the Hon’ble NCLT while taking into consideration the Interlocutory Application u/s. 60(5) of Insolvency and Bankruptcy Code, 2016, have observed that moratorium under Section 14 would not be applicable to the properties wherein the possession of the Corporate Debtor is unlawful.Please become a Premium member. If you are already a Premium member, login here to access the full content.