This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Prosecution against company cannot continue after declaration of moratorium by NCLT
Case Law Details
- Case Name
- Nag Leathers Pvt. Ltd Vs Muzain Hides (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Nag Leathers Pvt. Ltd Vs Muzain Hides (Madras High Court)
It is evident that there is a categorical finding recorded by the Apex Court that the moratorium provision contained in Section 14 of the Insolvency Bankruptcy Code, would apply only to corporate debtor, the natural persons mentioned in Section 141 continuing to be statutorily liable under Chapter XVII of the Negotiable Instrument Act and thereby, it is clearly settled that the criminal liability of natural persons in case of complaint filed under Section 138 and 141 of the Negotiable Instrument Act, 1881 would survive, but would not be...
