Section 14 of the IBC does not differentiate between any proceedings, whether they are assessment, quasi-judicial or judicial in nature – Vineet K Chaudhary Vs. The Regional P.F Commissioner (II) – NCLT Mumbai Bench
A plain reading of section 14 of the Code shows that there is complete prohibition imposed by the legislature on the institution of suits or continuation of proceedings against the Corporate Debtor including execution of any judgment, decree, or order in any court of law, tribunal, arbitration panel or other authority. Section 14 of the Code does not differentiate between any proceedings, whether they are assessment, quasi-judicial or judicial in nature. In fact, a moratorium is imposed on all proceedings irrespective of the nature. The object as succinctly put by the Hon’ble Supreme Court is clearly to shield the Corporate Debtor from all pecuniary attacks.
