https://www.taxtmi.com/caselaws?id=770729 SC dismissed appeals in dishonour of cheque case involving liquidated company. Court held that company liquidation does not absolve personal guarantor from criminal liability under Section 138 NI Act. Appellant was convicted before IBC proceedings commenced and NCLAT permitted continuation of criminal proceedings. IBC moratorium does not protect personal guarantors from prosecution. Court granted final opportunity to deposit 25% of cheque amount within eight weeks to avoid custody, after which revisional application will be heard on merits. en-us Wed, 23 Apr 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770729 SC dismissed appeals in dishonour of cheque case involving liquidated company. Court held that company liquidation does not absolve personal guarantor from criminal liability under Section 138 NI Act. Appellant was convicted before IBC proceedings commenced and NCLAT permitted continuation of criminal proceedings. IBC moratorium does not protect personal guarantors from prosecution. Court granted final opportunity to deposit 25% of cheque amount within eight weeks to avoid custody, after which revisional application will be heard on merits. Case-Laws Indian Laws Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770729