top of page

Moratorium Under The Insolvency And Bankruptcy Code, 2016 And Its Impact On Parallel Proceedings

Shalmoli Ghosh, Amity University, Kolkata


With the advent of The Insolvency and Bankruptcy Code, 2016 (Hereinafter referred to as IBC or the Code), the Insolvency Regime witnessed a revolutionary change. IBC subsumed all the existing statutes related to insolvency and bankruptcy for instance, The Sick Industrial Companies Act, 1985 (SICA), The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDBFI Act) etc. because they were highly criticized of being debtor centric and time consuming. The code was enacted to provide a single legal framework to deal with all the aspects of insolvency and bankruptcy and protect the interests of all the stakeholders by maximizing the of value of assets in a time bound manner.


Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878


Accessibility: Open Access

License: Creative Commons 4.0

Submit Manuscript: Click here

Open Access Logo


​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.


The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

bottom of page