The Supreme Court of India has dismissed a Special Leave Petition challenging a Bombay High Court order which held that criminal liability under Section 138 of the Negotiable Instruments Act, 1881, remains unaffected by the initiation of liquidation proceedings against a company under the Insolvency and Bankruptcy Code (IBC), 2016. A Bench comprising Justice B.V.
Liability Under Section 138 NI Act Subsistent Despite Initiation of IBC Proceedings: Supreme Court
