The contradiction between moratorium theory and interest accrual practice represents more than a technical legal gap. With the IBC Amendment Bill 2025 currently pending before the Parliament, the opportunity for meaningful reform arises.

It is argued that the SC could have explored other possible remedies, such as sending the resolution plan back to CoC to remedy the non-compliances and imposing penalties on responsible entities.

The ruling in this case has provided clarity on the intersection of guarantee contracts and insolvency and bankruptcy laws.

This article presents flexible resolution approach as a way forward to curb the menace emanating from inclusion of going concern sale.

The main issue which revolves around the insolvency of GoFirst is the possession of aircraft.