https://www.taxtmi.com/caselaws?id=287854 The court dismissed the Criminal Original Petition, ruling that criminal proceedings under Section 138 of the Negotiable Instruments Act could be maintained against the petitioner despite being declared insolvent. The judgment clarified that the Insolvency and Bankruptcy Code's Section 14 does not bar criminal actions, distinguishing them from civil proceedings. Therefore, the respondent could proceed with legal action for the dishonored cheque, as the nature of penal actions is distinct from civil claims. en-us Tue, 02 Apr 2019 00:00:00 +0530 Wed, 06 May 2020 06:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287854 The court dismissed the Criminal Original Petition, ruling that criminal proceedings under Section 138 of the Negotiable Instruments Act could be maintained against the petitioner despite being declared insolvent. The judgment clarified that the Insolvency and Bankruptcy Code's Section 14 does not bar criminal actions, distinguishing them from civil proceedings. Therefore, the respondent could proceed with legal action for the dishonored cheque, as the nature of penal actions is distinct from civil claims. Case-Laws Insolvency and Bankruptcy Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287854