EXCEPTION OF COUNTERCLAIM TO BAR OF MORATORIUM UNDER SECTION 14 OF IBC

The Delhi High Court in the case of SSMP Industries Ltd. v Perkan Food Processors Pvt.  Ltd., has held that moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 will not bar trial of suit by the corporate debtor and a counter-claim in such suit if issues and facts are both intertwined. In…