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Declaration of moratorium will not cause stay of proceedings beneficial to corporate debtor: HC

January 15, 2019[2019] 101 186 (Himachal Pradesh)

IBC: Where interim orders was passed by NCLAT under sections 241 and 242 of Companies Act which were identical to provisions of section 14 of IBC Code, even though moratorium had not been declared with respect to respondent company, principle that declaration of moratorium would not cause to stay proceedings beneficial to corporate debtor would also be applicable

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