https://www.taxtmi.com/caselaws?id=404766 The Supreme Court held that proceedings under Section 138/141 of the Negotiable Instruments Act are covered by the moratorium provision of Section 14 of the Insolvency and Bankruptcy Code (IBC). The Court emphasized that these quasi-criminal proceedings directly impact the corporate insolvency resolution process and fall within the ambit of "proceedings" under the IBC. While the moratorium applies to corporate debtors, it does not extend to natural persons associated with the debtor. The Court clarified the interplay between Section 14 and Section 32A of the IBC and distinguished the application of Section 14 from judgments under other statutes. en-us Mon, 01 Mar 2021 00:00:00 +0530 Fri, 15 Jul 2022 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404766 The Supreme Court held that proceedings under Section 138/141 of the Negotiable Instruments Act are covered by the moratorium provision of Section 14 of the Insolvency and Bankruptcy Code (IBC). The Court emphasized that these quasi-criminal proceedings directly impact the corporate insolvency resolution process and fall within the ambit of "proceedings" under the IBC. While the moratorium applies to corporate debtors, it does not extend to natural persons associated with the debtor. The Court clarified the interplay between Section 14 and Section 32A of the IBC and distinguished the application of Section 14 from judgments under other statutes. Case-Laws Insolvency and Bankruptcy Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404766