Section 13 of Insolvency and Bankruptcy Code 2016
[ Note : Section 13 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ].
Declaration of moratorium and public announcement.
|(a)||declare a moratorium for the purposes referred to in section 14;|
|(b)||cause a public announcement of the initiation of corporate insolvency resolution process and call for the submission of claims under section 15; and|
|(c)||appoint an interim resolution professional in the manner as laid down in section 16.|
(2) The public announcement referred to in clause (b) of sub-section (1) shall be made immediately after the appointment of the interim resolution professional.