Roop's Law Assist
Waitlist

Section 13

Declaration of moratorium and public announcement . — (1) The Adjudicating Authority, after admission of the application under section 7 or section 9 or section 10, shall, by an order—

Back to ActAct Subordinates
13. Declaration of moratorium and public announcement . — (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.