Whether IBC Moratorium Stays Cheque Bounce Proceedings Under Section 138 NI Act? Supreme Court Refers Matter to Larger Bench

In a landmark decision clarifying the intersection of insolvency laws and criminal liability, the Supreme Court of India has ruled that while personal insolvency moratoriums under Part III of the Insolvency and Bankruptcy Code, 2016 (IBC) do not stall criminal prosecution under Section 138 of the Negotiable Instruments Act, 1881 (NI Act), they do apply

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