HC addressed dishonour of cheque with borrower in insolvency ...

High Court rules debtor cannot avoid liability for bounced cheque by initiating insolvency proceedings. Criminal case continues.

Case Laws Indian Laws

June 19, 2024

HC addressed dishonour of cheque with borrower in insolvency proceedings under IBC, 2016. SC clarified insolvency proceedings don't automatically extinguish criminal proceedings u/s Negotiable Instruments Act. Signatory remains liable despite Code proceedings. Trial conviction upheld, no error in Appellate Court's condition for suspension of sentence. Applicant's appeal dismissed.

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HC addressed dishonour of cheque with borrower in insolvency ...

High Court rules debtor cannot avoid liability for bounced cheque by initiating insolvency proceedings. Criminal case continues.

Case Laws Indian Laws

June 19, 2024

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