PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
HC held that during Corporate Insolvency Resolution Process, Section 14 of Insolvency Code imposes moratorium preventing continuation of cheque dishonor proceedings against corporate debtor. Proceedings against natural persons under Section 141 of Negotiable Instruments Act remain maintainable. The impugned order stands set aside, with all proceedings against corporate debtor deferred until moratorium is lifted. Magistrate Court directed to proceed against individual accused, expediting trial in compliance with prior court directions. The original petition stands disposed of, establishing clear demarcation between corporate and individual liability during insolvency resolution process.
HC held that during Corporate Insolvency Resolution Process, Section 14 of Insolvency Code imposes moratorium preventing continuation of cheque dishonor proceedings against corporate debtor. Proceedings against natural persons under Section 141 of Negotiable Instruments Act remain maintainable. The impugned order stands set aside, with all proceedings against corporate debtor deferred until moratorium is lifted. Magistrate Court directed to proceed against individual accused, expediting trial in compliance with prior court directions. The original petition stands disposed of, establishing clear demarcation between corporate and individual liability during insolvency resolution process.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
