Law · Insolvency and Bankruptcy Code
The moratorium declared during the Corporate Insolvency Resolution Process (CIRP) prohibits which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only the transfer of equity shares by directors
- 2Institution of suits, continuation of pending suits, transfer of assets, and enforcement of security interests✓
- 3Appointment of statutory auditors by the firm
- 4Voting by shareholders in general meetings
Correct answer
Institution of suits, continuation of pending suits, transfer of assets, and enforcement of security interests
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