Can 138 NI Act Case Continue Against Directors After IBC Moratorium Against the Company? Supreme Court Answers

The Supreme Court has reiterated that the moratorium provisions in Section 14 of the Insolvency and Bankruptcy Code, 2016 would apply only to corporate debtors and that natural persons mentioned in Section 141 of the NI Act would remain statutorily liable under the Act’s provisions. The bench of Justices UU Lalit, S. Ravindra Bhat, and

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