Tag: 1881; National Company Law Tribunal; Supreme Court of India
March 10, 2021
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Moratorium under the Insolvency and Bankruptcy Code to ...
In a recent judgment delivered by the Supreme Court of India ("Supreme Court") in the case of P. Mohanraj & Ors. Vs. M/S Shah Brothers Ispat Pvt. Ltd , it has been held that the declaration of a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 ("IBC") covers criminal proceedings for dishonour of cheque under Section 138 of the Negotiable Instruments Act, 1881 ("NI Act"). In doing so, the Supreme Court has widened and settled the scope of the applicability of Section 14 of the IBC. ......