Corporate Insolvency Moratorium Stops All Payments, Even Pre-Dated Cheques Cannot Be Cashed.

Corporate Insolvency Moratorium Stops All Payments, Even Pre-Dated Cheques Cannot Be Cashed. https://www.taxtmi.com/highlights?id=45856 After initiation of Corporate Insolvency Resolution Process once moratorium starts no person can recover any amount from the account of the Corporate Debtor. It is true that the cheque dates back to the date of handover but it cannot be encashed after the moratorium starts en-us Fri, 12 Apr 2019 05:09:52 +0530 Fri, 12 Apr 2019 05:09:52 +0530 TaxTMI RSS Generator Corporate Insolvency Moratorium Stops All Payments, Even Pre-Dated Cheques Cannot Be Cashed. https://www.taxtmi.com/highlights?id=45856 After initiation of Corporate Insolvency Resolution Process once moratorium starts no person can recover any amount from the account of the Corporate Debtor. It is true that the cheque dates back to the date of handover but it cannot be encashed after the moratorium starts Highlights Insolvency and Bankruptcy Fri, 12 Apr 2019 05:09:52 +0530 https://www.taxtmi.com/highlights?id=45856