Section 13. Declaration of moratorium and public announcement

13. Declaration of moratorium and public announcement .—(1) The Adjudicating Authority, after admission of the application under section 7 or section 9 or section 10, shall, by an order— (a) declare a moratorium for the purposes referred to in section 14; (b) cause a public announcement of the initiation of corporate insolvency resolution process and call for the submission of claims under section 15; and (c) appoint an interim resolution professional in the manner as laid down in section 16. (2) The public announcement referred to in clause (b) of sub-section (1) shall be made immediately after the appointment of the interim resolution professional. 1. Subs. by Act 26 of 2018, s. 8, for "seventy-five" (w.e.f. 6-6-2018). 2. Ins. by Act 26 of 2019, s. 4 (w.e.f. 16-08-2019). 3. Ins. by Act 26 of 2018, s. 9 (w.e.f. 6-6-2018). 13. In section 275,— (a) for sub-section (2), the following sub-section shall be substituted, namely:— "(2) The provisional liquidator or the Company Liquidator, as the case may, shall be appointed by the Tribunal from amongst the insolvency professionals registered under the Insolvency and Bankruptcy Code, 2016;"; (b) sub-section (4) shall be omitted.