IBC Moratorium Doesn't Bar Voluntary Surrender Of Corporate Debtor's Leased Property To Lessor: Supreme Court

The Supreme Court has ruled that the IBC moratorium does not bar the "voluntary surrender of a corporate debtor's leased property to the lessor." The court's decision provides a significant clarification on the scope of the moratorium under the Insolvency and Bankruptcy Code. The ruling reinforces that the moratorium is intended to protect a company from legal proceedings, not to prevent a company from fulfilling its contractual obligations. This judgment is a crucial precedent for landlords and companies.