Supreme Court · 2025 INSC 445 · Decided 31 March 2025
Rakesh Bhanot v. M/S. Gurdas Agro PVT. LTD
- Court
- Supreme Court of India
- Citation
- 2025 INSC 445 · [2025] 4 S.C.R. 573
- Case number
- CRIMINAL APPEAL No. 1607/2025
- Decided
- 31 March 2025
- Bench
- J.B. PARDIWALA, R MAHADEVAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Criminal
- Acts & sections cited
- NI Act Section 141, 138; IBC Section 96, 94, 14, 101
Headnote
Issue arose whether the proceedings initiated against the appellants u/s.138 rw s.141 of the Negotiable Instruments Act should be stayed in view of the interim moratorium u/s.96 of the Insolvency and Bankruptcy Code, 2016 having come into effect upon the appellants filing Code, 2016 - ss.94 and 96 - Negotiable Instruments Act, 1881 - ss.138 and 141 - Moratorium - Interim moratorium - Complaint u/s.138 NI Act upon failure of the appellant-accused to make payment after cheques were dishonoured due to insufficiency of funds
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