Under Section 14 of the Insolvency and Bankruptcy Code, 2016, once an application for the Corporate Insolvency Resolution Process of a company is admitted, a moratorium takes effect. Which of the following actions is PROHIBITED during the moratorium?

Section 14(1) of the Insolvency and Bankruptcy Code, 2016 imposes a moratorium when an application for the Corporate Insolvency Resolution Process is admitted. Clause (a) bars the institution of suits or the continuation of pending suits or other proceedings against the corporate debtor, clause (b) bars alienation of its assets, clause (c) bars enforcement of security interests, and clause (d) bars recovery of occupied property. Section 14(2) keeps the supply of essential goods and services alive, and section 14(3) provides that the moratorium does not apply to a surety in a contract of guarantee or to transactions notified by the Central Government. The interim resolution professional is also required to run the corporate debtor as a going concern under section 17. The other options therefore describe permissible actions.