alleryStart learning →The moratorium ends on approval of a plan or on which other event?
AA creditors' meeting
BA liquidation order
CA change of auditor
DA new demand notice
Answer & Solution
Correct answer: B. A liquidation order
The proviso to section 14(4) ends the moratorium on plan approval under section 31(1) or a liquidation order under section 33.
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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)?