In a significant ruling clarifying the statutory boundaries of insolvency protection, a Supreme Court bench comprising Justice Vikram Nath and Justice Sandeep Mehta held that a moratorium declared under Section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC) operates exclusively against the corporate debtor and does not extend protection to co-respondents such as promoters,
IBC Moratorium Applies Only To Corporate Debtor, Consumer Complaints Can Proceed Against Co-Respondents: Supreme Court
