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

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