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CS Professional · Corporate Restructuring, Valuation and Insolvency · Pre-Packaged Insolvency Resolution Process

The Adjudicating Authority admits the pre-packaged insolvency application of Kaveri Engineering Ltd on 1 March. Till when does the order of moratorium remain in effect?

The moratorium operates from the date of the admission order until the date on which the pre-packaged insolvency resolution process period ends. It does not end on plan submission, the first creditors' meeting or the public announcement.

  1. ATill the date the resolution plan is submitted to the Adjudicating Authority
  2. BTill the date on which the pre-packaged insolvency resolution process period comes to an endCorrect
  3. CTill the first meeting of the committee of creditors
  4. DTill the public announcement is completed by the resolution professional

Explanation

Section 54E(2) says the moratorium has effect from the date of the order till the date on which the pre-packaged insolvency resolution process period comes to an end. Submission of the plan, the first CoC meeting or the public announcement does not end it.

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