https://www.taxtmi.com/caselaws?id=438960 The court quashed the summoning order dated 24.11.2020 in a case involving the applicability of the moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC) and the liability of petitioners under Section 138 of the Negotiable Instruments Act (NI Act) during the moratorium period. The court held that the petitioners could not be prosecuted under Section 138 of the NI Act due to the moratorium in place before the cheques were presented, rendering them incapable of encashment. Consequently, the petition was allowed, and the summoning order was quashed. en-us Thu, 18 May 2023 00:00:00 +0530 Tue, 13 Jun 2023 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438960 The court quashed the summoning order dated 24.11.2020 in a case involving the applicability of the moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC) and the liability of petitioners under Section 138 of the Negotiable Instruments Act (NI Act) during the moratorium period. The court held that the petitioners could not be prosecuted under Section 138 of the NI Act due to the moratorium in place before the cheques were presented, rendering them incapable of encashment. Consequently, the petition was allowed, and the summoning order was quashed. Case-Laws Indian Laws Thu, 18 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438960