https://www.taxtmi.com/caselaws?id=460143 Pendency of proceedings under Section 96 of the Insolvency and Bankruptcy Code, 2016 did not bar continuation of a cheque-dishonour complaint under Section 138 of the Negotiable Instruments Act, 1881 against the company's directors. The complaint was treated as penal in character, not a debt-recovery proceeding, and the insolvency moratorium was held not to extinguish or suspend criminal liability of natural persons proceeded against under Section 141 of the Negotiable Instruments Act, 1881. The Court also found no basis for interference under Section 482 of the Code of Criminal Procedure, 1973, noting that the petition sought to delay a long-pending trial. The request to stay or quash the complaint was rejected. en-us Wed, 13 Mar 2024 00:00:00 +0530 Mon, 13 Jan 2025 18:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460143 Pendency of proceedings under Section 96 of the Insolvency and Bankruptcy Code, 2016 did not bar continuation of a cheque-dishonour complaint under Section 138 of the Negotiable Instruments Act, 1881 against the company's directors. The complaint was treated as penal in character, not a debt-recovery proceeding, and the insolvency moratorium was held not to extinguish or suspend criminal liability of natural persons proceeded against under Section 141 of the Negotiable Instruments Act, 1881. The Court also found no basis for interference under Section 482 of the Code of Criminal Procedure, 1973, noting that the petition sought to delay a long-pending trial. The request to stay or quash the complaint was rejected. Case-Laws Indian Laws Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460143