Moratorium
In accordance with Section 14 of the Insolvency and Bankruptcy Code, 2016, the Hon'ble Tribunal has declared a moratorium, which shall remain in force during the CIRP period. The moratorium, inter alia, prohibits the institution or continuation of suits or proceedings against the Company, the transfer, encumbrance, alienation, or disposal of any assets of the Company, the foreclosure, recovery, or enforcement of any security interest, and the recovery of property by owners or lessors. The moratorium is intended to preserve the value of the Company and ensure an orderly resolution process.