Insolvency and Bankruptcy Code, 2016
← Insolvency and Bankruptcy Code, 2016
III — -A, twelve months preceding the date of making of the application; or] · Section 13

Declaration of moratorium and public announcement

Synced on 05 Jul 2026Text as per India Code

(1) The Adjudicating Authority, after admission of the application under section 7 or section 9 or section 10, shall, by an order—

(a) declare a moratorium for the purposes referred to in section 14;

(b) cause a public announcement of the initiation of corporate insolvency resolution process and call for the submission of claims under section 15; and

(c) appoint an interim resolution professional in the manner as laid down in section 16.

(2) The public announcement referred to in clause (b) of sub-section (1) shall be made immediately after the appointment of the interim resolution professional.

Judgments on Section 13