Section 138 Proceedings Can Continue Against Individual Directors Despite IBC Proceedings

Madhur Gulati Vs State of U.P. and Another (Allahabad High Court) The Allahabad High Court has disposed of a series of petitions filed by an individual, Madhur Gulati, challenging summoning orders issued in several cheque dishonor complaints. The court, without delving into the merits of the case, allowed the applicant to raise all legal and factual contentions before the lower court during the trial. The cases stem from complaints filed by the second respondent, alleging that Madhur Gulati, a partner in the firm M/s Navyug Industries and a director of its successor company, Newgen Ecotronics ...