The question (15 marks)
Explain the moratorium under section 14. Does it protect a guarantor of the corporate debtor? (15 marks)
MU Module II, head 2.2.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 2 · Corporate Insolvency and Liquidation of Bankruptcy Laws.
Authorities you will need
- Section 14 of the Code
- Section 60(2) and (3) of the Code
- Section 31(1), on whom an approved plan binds
- Section 74, punishing contravention of the moratorium
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.