https://www.taxtmi.com/caselaws?id=754142 Proceedings under Section 138 of the Negotiable Instruments Act remain criminal and penal in character, so initiation of insolvency proceedings and the interim moratorium under the Insolvency and Bankruptcy Code do not extinguish criminal liability or stop cheque dishonour prosecution against the drawer or signatory. The moratorium was held not to bar continuation of such proceedings, and the conviction was not rendered invalid on that ground. The appellate direction to deposit part of the compensation amount as a condition for suspension of sentence was also not shown to be illegal, so interference was refused. en-us Tue, 21 May 2024 00:00:00 +0530 Tue, 18 Jun 2024 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754142 Proceedings under Section 138 of the Negotiable Instruments Act remain criminal and penal in character, so initiation of insolvency proceedings and the interim moratorium under the Insolvency and Bankruptcy Code do not extinguish criminal liability or stop cheque dishonour prosecution against the drawer or signatory. The moratorium was held not to bar continuation of such proceedings, and the conviction was not rendered invalid on that ground. The appellate direction to deposit part of the compensation amount as a condition for suspension of sentence was also not shown to be illegal, so interference was refused. Case-Laws Indian Laws Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754142