12 March 2025 – Mukesh Suman

Mukesh Suman

Advocate | Educator | Author

SARANGA ANILKUMAR AGGARWAL VS BHAVESH DHEERAJ LAL SHETH : MORATORIUM UNDER SECTION 96 IBC NOT APPLICABLE TO PENALTIES UNDER CONSUMER PROTECTION ACT

The Supreme Court in Saranga Anilkumar Aggarwal Vs. Bhavesh Dheerajlal Sheth (Civil Appeal 4048 of 2024) held that the penalties imposed by the NCDRC are regulatory in nature and donot constitute “debt” under IBC. Moratorium under Section 96 of the IBC does not extend to regulatory penalties imposed for non-compliance with consumer protection laws.

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