Legal COVID-19: Government to suspend insolvency proceedings for six months, amends IBC Updated : April 24, 2020 08:44 PM IST The announcement, however, has been held back as Narendra Modi government aims to unveil it along with other relief measures. The new clause -- Section 10A is to suspend Sections 7, 9 and 10 for six months or until further orders, with a rider that the amendment clause cannot be extended to more than a year. While Section 7 deals with financial creditors initiating insolvency action, Section 9 deals with operational creditors initiating action. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.