21-Mar-2026 11:32 PM
Section 14 of ibc, provides that NCLT shall order moratorium to prohibit the recovery of any property by owner or lessor where such property is in possession of corporate debtor But, section 18 of IBC provide that the interim resolution professional shall take control and custody of any asset over with corporate debtor has ownership, but 'assets' shall not include assets owned by third party in position of CD hell under trust or under contractual agreement Question = sir as per section 18 toh Corporate debtor agar rental property pe hai toh moratorium chalu hone ke baad vo 3rd party ki asset ko toh lock nahi hona chahiye ?????
Section 18 clarifies that third-party assets (like rented property) are not assets of the Corporate Debtor. However, Section 14 temporarily prevents the owner/lessor from recovering such property during the moratorium to ensure the Corporate Debtor continues as a going concern during CIRP.
Answer given by Shubhamm Sir at 29-Mar-2026 08:49 PM
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