SC Clarifies: Insolvency Moratorium Can’t Be Used to Evade Consumer Penalties
Introduction In expanding the interpretation of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as ‘the Code’), the Hon’ble Supreme Court, in the judgement of Saranga Anilkumar Aggarwal v. Bhavesh Dhirajlal Sheth and Ors.[1], ruled that an interim moratorium under the Code does not extend to execution proceedings for penalties imposed under the Consumer Protection […]
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