If application under Section 94 of the IBC was registered and admitted prior in time to the application filed under Section 95 of the Code, Section 94 application shall be proceeded – Ashu Jain – NCLT Chandigarh Bench
Hon’ble NCLT holds that in terms of Section 96 of the Code, an interim moratorium commences when an application is filed under Section 94 or 95 of the Code. Since the present application under Section 94 of the Code was registered and admitted prior in time to the application filed under Section 95 of the Code, therefore, the same shall be proceeded with.