https://www.taxtmi.com/article/detailed?id=13895 Moratorium protection under the Insolvency and Bankruptcy Code applies to the corporate debtor only and does not extend to natural persons such as directors, who remain liable under the Negotiable Instruments Act for cheque dishonour where all statutory ingredients (issuance for discharge of debt, presentation and dishonour, notice, and failure to pay) are satisfied. Judicial analysis distinguishes the corporate debtor's immunity from directors' personal criminal liability and addresses timing issues including cheque presentation, service of notice, and the interim resolution professional's control of corporate accounts. en-us Mon, 24 Mar 2025 08:45:49 +0530 Mon, 24 Mar 2025 08:45:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13895 Moratorium protection under the Insolvency and Bankruptcy Code applies to the corporate debtor only and does not extend to natural persons such as directors, who remain liable under the Negotiable Instruments Act for cheque dishonour where all statutory ingredients (issuance for discharge of debt, presentation and dishonour, notice, and failure to pay) are satisfied. Judicial analysis distinguishes the corporate debtor's immunity from directors' personal criminal liability and addresses timing issues including cheque presentation, service of notice, and the interim resolution professional's control of corporate accounts. Articles Other Topics Mon, 24 Mar 2025 08:45:49 +0530 https://www.taxtmi.com/article/detailed?id=13895