#statutory override

The Allahabad High Court has ruled that Section 14 of the IBC prohibits all coercive recovery actions against a corporate debtor during CIRP, including the attachment of sugar stock by state authorities. This reinforces that statutory moratoriums override even revenue recovery mechanisms, protecting corporate assets from piecemeal seizure by any creditor, including government agencies.

Kerala High Court holds that employees of instrumentalities of state are entitled to gratuity under the Payment of Gratuity Act, 1972, even if employer rules prescribe lower ceilings.