9911796707
TMI Blog2021 (4) TMI 995X X X X Extracts X X X X X X X X Extracts X X X X ..... notwithstanding anything inconsistent therewith contained in any other law for the time being enforced. This is a fit case to restrain the Respondent No. 2 from proceeding any further with the Certificate Case, until the moratorium in terms of section 14(1) of the Insolvency and Bankruptcy Code, 2016 ends - this order shall be brought to the notice of the Respondent No. 2 by the applicant/RP on the next date of hearing, i.e. 13.04.2021 - List this matter on 20/05/2021. - I.A. No. 412/KB/2021 in C.P.(I.B) No. 701/KB/2017 - - - Dated:- 7-4-2021 - Rajasekhar V.K., Member(J) and Harish Chander Suri, Member (T) For the Appellant : Abhrajit Mitra, Sr. Adv., Siddhanth Makkar and Rachit Lakhmani, Advs. For the Respondents : Akhiles ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oercive action to be taken against the Corporate Debtor, in case of failure to comply with the said directions. 3. It is the case of the applicant/RP that the Respondent No. 2 is not abiding by the Moratorium which kicked in on the date of admission of the Company Petition against the Corporate Debtor on 5th April, 2019. Since, the applicant/RP is apprehending that punitive measures will be initiated against him including threat of arrest, the Ld. Sr. Counsel prayed that interim reliefs be granted in the application. 4. Mr. Akhilesh Kumar Shrivastava, Ld. Counsel appearing on behalf of the Respondent No. 1, and opposed grant of interim reliefs in the matter. He submitted that the Moratorium under section 14 (1) will be applicable only ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied that notwithstanding anything contained in any other law for the time being in force, a license, permit, registration, quota, concession, clearances or a similar grant or right given by the Central Government, State Government, local authority, sectorial regulator or any other authority constituted under any other law for the time being in force, shall not be suspended or terminated on the grounds of insolvency, subject to the condition that there is no default in payment of current dues arising for the use or continuation of the license, permit, registration, quota, concession, clearances or a similar grant or right during the moratorium period]. 7. It is trite law that the Moratorium under section 14(1) will apply to all proceedin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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