Supreme Court · 2021 INSC 133 · Decided 1 March 2021
P. Mohanraj & ORS. v. M/S. Shah Brothers Ispat PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 133 · [2021] 14 S.C.R. 204
- Case number
- CIVIL APPEAL No. 10355/2018
- Decided
- 1 March 2021
- Bench
- R.F. NARIMAN, NAVIN SINHA, K.M. JOSEPH (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- IPC Section 53; CrPC; NI Act Section 138, 141; Companies Act Section 630; IBC Section 14, 14(1)(a), 14(3)(b), 32A(1)
Headnote
Insolvency and Bankruptcy Code, 2016 - s.14 - Negotiable Instrument Act, 1881 - Chapter XVII - ss.138, 141 - Institution/ continuation of proceeding u/s.138/141, NI Act, if covered by the moratorium provision i.e. Natural persons if covered by s.14 - Held: A s.138/141 proceeding against a corporate debtor is covered by s.14(1)(a), IBC - A quasi-criminal proceeding contained in Chapter XVII of the NI Act would amount to a "proceeding" within the meaning of s.14(1)(a), the moratorium
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