
Section 14 IBC Moratorium | Bombay HC Upholds MOFA Deemed Conveyance Despite Corporate Insolvency Proceedings
Bombay High Court rules that the moratorium under the Insolvency and Bankruptcy Code does not bar the Competent Authority from granting deemed conveyance under MOFA, prioritizing welfare legislation over insolvency proceedings. The judgment ensures housing societies can secure legal title to property even when the promoter is under CIRP, safeguarding flat owners' rights.




