https://www.taxtmi.com/caselaws?id=795641 Insolvency moratorium and subsequent liquidation do not extinguish pre-existing criminal liability of directors or persons in charge for cheque dishonour. Where dishonour, demand notice and non-payment occurred before commencement of the corporate insolvency resolution process, the offence is treated as complete. The moratorium protects the corporate debtor and postpones civil debt enforcement; it does not bar criminal prosecution of natural persons. Suspension of board powers and liquidation likewise do not erase liability. Whether individuals were responsible for the company and whether statutory ingredients are met remains for trial. en-us Mon, 20 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795641 Insolvency moratorium and subsequent liquidation do not extinguish pre-existing criminal liability of directors or persons in charge for cheque dishonour. Where dishonour, demand notice and non-payment occurred before commencement of the corporate insolvency resolution process, the offence is treated as complete. The moratorium protects the corporate debtor and postpones civil debt enforcement; it does not bar criminal prosecution of natural persons. Suspension of board powers and liquidation likewise do not erase liability. Whether individuals were responsible for the company and whether statutory ingredients are met remains for trial. Case-Laws Indian Laws Mon, 20 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795641