High Court rules debtor cannot avoid liability for bounced cheque by initiating insolvency proceedings. Criminal case continues.

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....HC addressed dishonour of cheque with borrower in insolvency proceedings under IBC, 2016. SC clarified insolvency proceedings don't automatically extinguish criminal proceedings u/s Negotiable Instruments Act. Signatory remains liable despite Code proceedings. Trial conviction upheld, no error in Appellate Court's condition for suspension of sentence. Applicant's appeal dismissed.....