Mukund Choudhary filed a writ petition challenging the constitutional validity of Section 101 of the Insolvency and Bankruptcy Code, 2016. This section sets a limit of 180 days for the moratorium period. The petitioner's argument is based on the potential adverse effects of this limit. The court distinguishes between individual and corporate insolvency, noting that the purpose of the moratorium differs in each case. The court acknowledges concerns that creditors might exploit the situation if the moratorium ends. The case involves an individual insolvency, not a corporate one. The Corporate Insolvency Resolution Process (CIRP) aims to rehabilitate the corporate debtor, while individual insolvency has a different purpose.

Mukund Choudhary filed a writ petition challenging the constitutional validity of Section 101 of the Insolvency and Bankruptcy Code, 2016. This section sets a limit of 180 days for the moratorium period. The petitioner's argument is based on the potential adverse effects of this limit. The court distinguishes between individual and corporate insolvency, noting that the purpose of the moratorium differs in each case. The court acknowledges concerns that creditors might exploit the situation if the moratorium ends. The case involves an individual insolvency, not a corporate one. The Corporate Insolvency Resolution Process (CIRP) aims to rehabilitate the corporate debtor, while individual insolvency has a different purpose.