Moratorium under the Insolvency and Bankruptcy Code 2016 and its effect on parallel proceedings
Introduction The Insolvency and Bankruptcy Code, 2016 ("IBC") does not define the term "moratorium." It designates a time frame in…
MORATORIUM & ITS BENEFITS
INTRODUCTION The term Moratorium is not defined under the IBC, 2016. The oxford dictionary defines moratorium as “a legal authorization…
Supreme Court Bars Banks from Charging Interest on Interest or Penal Interest on Any Borrower during Loan Moratorium
Today the SC directed that there should be no interest on interest or penal interest on the installments which were…