https://www.taxtmi.com/caselaws?id=764556 MP HC allowed petition seeking stay on Section 138 NI Act proceedings during interim moratorium under Section 96 IBC. Court held that interim moratorium applies to quasi-criminal proceedings under Section 138 NI Act as they indirectly relate to debt recovery. Following SC precedent in P. Mohanraj case, court ruled that IBC moratorium has overriding effect over NI Act proceedings. Proceedings against petitioner stayed until NCLT moratorium remains operational, facilitating insolvency resolution process. en-us Fri, 25 Oct 2024 00:00:00 +0530 Mon, 13 Jan 2025 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764556 MP HC allowed petition seeking stay on Section 138 NI Act proceedings during interim moratorium under Section 96 IBC. Court held that interim moratorium applies to quasi-criminal proceedings under Section 138 NI Act as they indirectly relate to debt recovery. Following SC precedent in P. Mohanraj case, court ruled that IBC moratorium has overriding effect over NI Act proceedings. Proceedings against petitioner stayed until NCLT moratorium remains operational, facilitating insolvency resolution process. Case-Laws Indian Laws Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764556