https://www.taxtmi.com/caselaws?id=283359 The Appellate Tribunal held that criminal proceedings under Section 138 of the Negotiable Instrument Act are not covered by the moratorium under Section 14 of the Insolvency and Bankruptcy Code. The Tribunal set aside the previous order directing withdrawal of the complaint, allowing the court of competent jurisdiction to proceed with the Section 138 proceedings even during the moratorium. Directors of the company could still face imprisonment or fines, while fines could be imposed on the Corporate Debtor if found guilty. The appeal was allowed, and no costs were incurred. en-us Tue, 31 Jul 2018 00:00:00 +0530 Fri, 20 Sep 2019 12:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283359 The Appellate Tribunal held that criminal proceedings under Section 138 of the Negotiable Instrument Act are not covered by the moratorium under Section 14 of the Insolvency and Bankruptcy Code. The Tribunal set aside the previous order directing withdrawal of the complaint, allowing the court of competent jurisdiction to proceed with the Section 138 proceedings even during the moratorium. Directors of the company could still face imprisonment or fines, while fines could be imposed on the Corporate Debtor if found guilty. The appeal was allowed, and no costs were incurred. Case-Laws Insolvency and Bankruptcy Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283359