The NCLT admitted a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by a financial creditor against ABC Ltd. The moratorium under Section 14 comes into effect -

Section 14 of the Insolvency and Bankruptcy Code, 2016 declares that on the admission of an application for initiating the corporate insolvency resolution process, the Adjudicating Authority shall declare a moratorium. The moratorium thus takes effect from the date of admission, not from the filing of the petition, the public announcement under Section 13, or the appointment of the interim resolution professional. During the moratorium, the institution or continuation of suits and recovery actions against the corporate debtor and transfers of its assets are barred, though the supply of essential goods and services is protected from termination. The moratorium continues until the completion of the resolution process or the approval of a resolution plan under Section 31. The admission date is therefore the operative trigger.