S 14 Insolvency and Bankruptcy Code, 2016 and Negotiable Instruments Act, 1881 — Ss. 138/141
Quashment of proceedings against corporate debtor under S. 138 NI Act after issuance of moratorium under S. 14 IBC: Ss. 138/141 of the NI Act proceeding against corporate debtor is covered by S. 14 (1)(a) IBC as held in P. Mohanraj, (2021) 6 SCC 258. Hence, corporate debtor cannot be proceeded against under S. 138 […]