Lease Hold Rights Existing In Favor Of Corporate Debtor Cannot Be Terminated During Moratorium Period U/S 14 Of IBC: NCLAT

NCLAT has ruled that leasehold rights that existed in favor of a corporate debtor cannot be terminated during the moratorium period under Section 14 of the IBC. This decision clarifies the protection of corporate debtor's rights during the moratorium. The ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on IBC procedures. The ruling underscores the need for legal compliance.