2024 (6) TMI 84

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... kruptcy Code, 2016 and being a legal entity, cannot beprosecuted for the offence under Section 138 of the NI Act - HELD THAT:- On the first day of hearing, when the notice was issued, the complainants had appeared by way of caveat. In such circumstances, let fresh notice be issued to the complainants returnable on 19 July 2024. - HON'BLE MR. JUSTICE J.B. PARDIWALA And HON'BLE MR. JUSTICE .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . However, against the company, a non-bailable warrant came to be issued. This petition seeks to question the legality and validity of the non-bailable warrant on the ground that the company is in moratorium under the provisions of the Insolvency and Bankruptcy Code, 2016 and being a legal entity, cannot beprosecuted for the offence under Section 138 of the NI Act. 2 Today, when the matter is take .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X