alleryStart learning →Section 14(3)(b) exempts whom from the moratorium?
AThe interim professional
BA surety (guarantor)
CThe tribunal bench
DA lessor of premises
Answer & Solution
Correct answer: B. A surety (guarantor)
Section 14(3)(b) says the moratorium does not apply to a surety in a contract of guarantee to the corporate debtor.
Keep practising Corporate Insolvency Resolution Process under the IBC
Browse all Corporate Insolvency Resolution Process under the IBC questions for CA Final, or explore more Law topics.
Related questions
Which Code term means non-payment of debt that has become due and payable?The initiation date in section 5(11) is the day an application is what?How long is the insolvency resolution process period defined in section 5(14)?The insolvency commencement date is the date of what?The Centre may raise the minimum default under section 4 to at most how much?Besides the order, NCLT must issue what on liquidation under section 33(1)?A committee decision to liquidate under section 33(2) needs what share of voting?A plan's other legal approvals must be obtained within what time under section 31(4)?