Payment of settlement amount during moratorium is not a violation of Section 14. It extinguishes liability and preserves value as Section 14 is meant to prevent dissipation of assets and does not bar genuine settlements.
CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · June 2026
Payment of settlement amount during moratorium is not a violation of Section 14. It extinguishes liability and preserves value as Section 14 is meant to prevent dissipation of assets and does not bar genuine settlements.
Answer & Explanation:
Bank of Baroda & Anr. Vs. MBL Infrastructure Ltd., & Ors.
Topics: Insolvency and Bankruptcy Code, 2016
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