Business Standard

MCA considering easing moratorium rules in IBC for certain sectors

Section 14 of the IBC declares a moratorium on proceedings, transfer or disposal of any of the assets of the company from the date of commencement of its insolvency

ibc
Premium

Ruchika ChitravanshiSubhayan Chakraborty New Delhi

Listen to This Article

The moratorium clause of the Insolvency and Bankruptcy Code (IBC) may be getting diluted for certain sectors, with the corporate affairs ministry considering exemption from this provision for aircraft leases, two senior officials told Business Standard. Moratorium for idle spectrum in the telecom sector can also be done away with by bringing a provision in the telecom bill, government sources said. 

Section 14 of the IBC declares a moratorium on proceedings, transfer or disposal of any of the assets of the company from the date of commencement of its insolvency. 

Officials said that the corporate ministry has been asked to
Topics : IBC MCA

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 18 2023 | 3:04 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com