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IBC Moratorium Does Not Extinguish Directors’ NI Act Liability: P&H HC
Case Law Details
- Case Name
- Ajay Gupta Vs Can Bank Factors Limited (Punjab and Haryana High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Punjab and Haryana HC
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Ajay Gupta Vs Can Bank Factors Limited (Punjab and Haryana High Court)
The Punjab and Haryana High Court considered a petition under Section 482 Cr.P.C. seeking quashing of Criminal Complaint No. 6614 dated 29.09.2015, the summoning order dated 31.05.2016, and all consequential proceedings initiated under Section 138 of the Negotiable Instruments Act, 1881. The complaint had been filed by M/s Can Bank Factors Limited against M/s Supreme Tex Mart Limited and its Directors/persons in charge of its affairs.
According to the complaint, the respondent company had extended a factoring credit facilit...
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