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Section96
The Insolvency and Bankruptcy Code, 2016

Interim moratorium

In force Act 31 of 2016 As on 15 Oct 2026

Act 31 of 2016 Ministry Corporate Affairs Enacted 28 May 2016 Cited by 1 provision Instruments 12

Section 96 of the Insolvency and Bankruptcy Code, 2016 deals with interim moratorium. When an application is filed under section 94 or section 95— (a) an interim-moratorium shall commence on the date of the application in relation to all the debts and shall cease to have effect on the date of admission of such application; The Act was enacted on 28 May 2016.

(1) When an application is filed under section 94 or section 95—

(a) an interim-moratorium shall commence on the date of the application in relation to all the debts and shall cease to have effect on the date of admission of such application; and

(b) during the interim-moratorium period—

(i) any legal action or proceeding pending in respect of any debt shall be deemed to have been stayed; and

(ii) the creditors of the debtor shall not initiate any legal action or proceedings in respect of any debt.

(2) Where the application has been made in relation to a firm, the interim-moratorium under sub-section (1) shall operate against all the partners of the firm as on the date of the application.

(3) The provisions of sub-section (1) shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator.

Section 96, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 94 Application by debtor to initiate insolvency resolution process
  2. s. 95 Application by creditor to initiate insolvency resolution process

Referred to by 1

  1. s. 101 Moratorium

Made under this section, and citing it

12 instruments name this provision in its title or its text without being made under it.

All subordinate legislation

Questions about Section 96

What does Section 96 of the Insolvency and Bankruptcy Code deal with?

Section 96 of the Insolvency and Bankruptcy Code is headed "Interim moratorium". When an application is filed under section 94 or section 95— (a) an interim-moratorium shall commence on the date of the application in relation to all the debts and shall cease to have effect on the date of admission of such application;

How do I find court cases under Section 96 of the Insolvency and Bankruptcy Code?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 96, section 96 Insolvency and Bankruptcy Code, section 96 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 96 of the Insolvency and Bankruptcy Code, and has it changed?

Its own text turns on section 94 (Application by debtor to initiate insolvency resolution process), section 95 (Application by creditor to initiate insolvency resolution process), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it. 12 instruments name it without being made under it, most recently Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017 (2017), then Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017 (2017).

When was Section 96 of the Insolvency and Bankruptcy Code enacted?

Section 96 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 96, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.