NBCC To Lead Completion Of Supertech's Stalled Projects, Securing Homebuyers' Rights

The Supreme Court ruled that the IBC moratorium does not extinguish claims. The court held that while the moratorium under the Insolvency and Bankruptcy Code prevents certain actions against the debtor, it does not erase claims that exist. The ruling emphasizes that the moratorium only restricts the ability to take legal actions against the debtor during the insolvency process but does not affect the fundamental right of creditors to pursue their claims. This decision clarifies the scope and limitations of the IBC moratorium in the context of creditor claims.