Statutory Meaning & Definition
A statutory stay ordered by NCLT under Section 14 of IBC upon admission of CIRP application, prohibiting institution of suits, execution of judgments, transfer of assets, and recovery actions against the corporate debtor during CIRP.
Frequently Asked Questions (FAQs)
What is Moratorium in Indian corporate law?
A statutory stay ordered by NCLT under Section 14 of IBC upon admission of CIRP application, prohibiting institution of suits, execution of judgments, transfer of assets, and recovery actions against the corporate debtor during CIRP.
Why is Moratorium important for compliance?
Moratorium is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Moratorium?
Moratorium is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with IBC regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to IBC:
IBBI Circular 2026: Interim Moratorium for Personal Guarantors Ceased on 26 May 2026, Including Pending Applications
Published: 21 September 2026
IBBI Discussion Paper Proposes Amendments to CIRP, Liquidation and Personal Guarantor Regulations — Comments Due 22 July 2026
Published: 2 July 2026
Subhash Chandra Personal Insolvency: ₹22,006 Crore Claims, ₹6.5 Crore Repayment Plan and the Related-Party Voting Question — Explained
Published: 3 November 2026
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