https://www.taxtmi.com/caselaws?id=415561 The moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 bars initiation or continuation of Sections 138 and 141 Negotiable Instruments Act proceedings against a corporate debtor during the insolvency period, so the complaint against the company could not continue and was quashed. That protection does not extend to directors or other natural persons arraigned under Section 141, whose statutory liability remains subject to adjudication on evidence; their prosecution therefore continued and was not quashed at the inherent-jurisdiction stage. en-us Mon, 13 Sep 2021 00:00:00 +0530 Wed, 08 Dec 2021 20:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415561 The moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 bars initiation or continuation of Sections 138 and 141 Negotiable Instruments Act proceedings against a corporate debtor during the insolvency period, so the complaint against the company could not continue and was quashed. That protection does not extend to directors or other natural persons arraigned under Section 141, whose statutory liability remains subject to adjudication on evidence; their prosecution therefore continued and was not quashed at the inherent-jurisdiction stage. Case-Laws Indian Laws Mon, 13 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415561