S.96 Insolvency & Bankruptcy Code | When Proceeding Under NI Act Is Not In Respect Of Any Debt, It Can't Be Stayed: Punjab & Haryana High Court
The Punjab & Haryana High Court has made it clear that when proceeding under Negotiable Act (NI Act) is not debt then it cannot be stayed under Section 96 of the Insolvency and Bankruptcy Code...
Source: livelaw.in