Cheque dishonor cases can't be filed or continued against firms facing insolvency proceedings: SC
Cheque dishonor cases can't be filed or continued against firms facing insolvency proceedings: SC SECTIONS Last Updated: Mar 01, 2021, 10:01 PM IST Share Synopsis The top court, however, did not extend the benefit of moratorium on judicial proceedings in cheque bounce cases to directors or signatories of cheques of such firms, saying criminal cases would continue against "natural persons". Agencies Under IBC, the moment a corporate insolvency resolution process is initiated against a company, it gets statutory protection under section 14 and consequently, a moratorium is put on judicial proce...
Source: indiatimes.com