Section 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.