https://www.taxtmi.com/news?id=73037 The Supreme Court referred to a three-judge Bench the question whether the IBC moratorium applies to cheque bounce proceedings under Section 138 of the Negotiable Instruments Act during insolvency proceedings. The reference also concerns whether the moratorium stays the entire prosecution or only the compensatory aspect, and whether directors or other vicariously liable persons can claim the same protection in cases of personal insolvency. The article notes the competing views on the criminal character of cheque dishonour proceedings and the recovery-related effect of the compensatory component. en-us Thu, 28 May 2026 19:01:04 +0530 Thu, 28 May 2026 19:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73037 The Supreme Court referred to a three-judge Bench the question whether the IBC moratorium applies to cheque bounce proceedings under Section 138 of the Negotiable Instruments Act during insolvency proceedings. The reference also concerns whether the moratorium stays the entire prosecution or only the compensatory aspect, and whether directors or other vicariously liable persons can claim the same protection in cases of personal insolvency. The article notes the competing views on the criminal character of cheque dishonour proceedings and the recovery-related effect of the compensatory component. News - Thu, 28 May 2026 19:01:04 +0530 https://www.taxtmi.com/news?id=73037