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 existing in favor of a corporate debtor cannot be terminated during the moratorium period under the Insolvency and Bankruptcy Code (IBC). This decision protects the corporate debtor's assets during the moratorium. The ruling ensures the continuity of the corporate debtor's operations during insolvency proceedings. This ruling protects corporate debtors.