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

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