CIRP Unaffected by CFO's Criminal Case; Insolvency Code Prevails Over Other Laws, Section 7 Proceedings to Continue.

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....CIRP - pendency of the Criminal Case relating to misappropriation of the funds by the CFO of the CD and the employees of the Banks - the Bank is a separate entity from the individual employees - The ‘I&B Code’ being a complete Code will prevail over the other Acts and no person can take advantage of the pendency of the case to stall I&B proceeding filed u/s 7....