Section 1 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Section 1. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Section 1 Today - Breaking & Trending Today

Cheque-bounce cases can't be filed or continued against firms facing IBC proceedings, says SC


Cheque-bounce cases can t be filed or continued against firms facing IBC proceedings, says SC
The top court 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
PTI | March 2, 2021 | Updated 08:10 IST
The Supreme Court Monday held the cheque bounce cases can neither be instituted nor be continued against companies which are facing insolvency proceedings and are protected under a provision of Insolvency and Bankruptcy Code (IBC) putting a moratorium on legal proceedings against them.
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 . ....

West Bengal , Justice Nariman , Navin Sinha , Justice Rf Nariman , Manik Chand Somani , Supreme Court , Infrastructure Ltd , Calcutta High Court , Bombay High Court , Shah Brothers Ispat Pvt Ltd , National Company Law Appellate Tribunal , Supreme Court Monday , Bankruptcy Code , Negotiable Instruments Act , Negotiable Instruments , Calcutta High Courts , Tayal Cotton , Chand Somani , Diamond Engineering , Cheque Bounce Cases , Cheque Bounce Cases Under Ibc , Cheque Bounce Cases Under Insolvency , Insolvency And Bankruptcy Code , Insolvency And Bankruptcy Code Proceedings , Ibc Proceedings , Firms Facing Ibc Proceedings ,