Liability of signatory in cheque dishonour not absolved because of resolution proceedings against company

Tushar Sharma Vs State Bank of India (Himachal Pradesh High Court)

Himachal Pradesh High Court held that that personal liability of signatory/ director of the company in a cheque dishonour case cannot be absolved because there is pending corporate liability resolution proceedings against the company under the provisions of Insolvency and Bankruptcy Code.

Facts- The complainant bank instituted proceedings u/s. 138 of the Act alleging therein that accused and his wife Smt. Shaveta Sharma applied for term loan facility as house loan for sum of Rs. 2,00,00,000/-

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