Advocate Sushila
SUPREME COURT REITERATES PRINCIPLES OF STATUTORY BAR ON LEGAL PROCEEDINGS AGAINST DEBTOR DURING MORATORIUM

SUPREME COURT REITERATES PRINCIPLES OF STATUTORY BAR ON LEGAL PROCEEDINGS AGAINST DEBTOR DURING MORATORIUM

The #SupremeCourt has in a recent case of P. Mohanraj and Others vs M/S Shah Brothers Ispat Pvt Ltd passed a Judgment dated 01-03-2021 regarding whether institution or continuation of proceedings under Section 138/141 of the #NegotiableInstruments Act 1881 (the NI Act) against a corporate debtor is barred by moratorium declared by National Company Law Tribunal #NCLTT) under Section 14 of the #InsolvencyandBankruptcyCode 2016 (the Code).


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-reiterates-principles-of-statutory-bar-on-legal-proceedings-against-debtor-during-moratorium/


#moratorium #insolvencyandbankruptcy #supremecourtofindia #supremecourt #ibc2021 #nclt #nclat

Did you find this write up useful? YES 0 NO 0
New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com