Supreme Court Clarifies Section 138 NI Act & IBC Moratorium

ibc 138 SC sets boundaries for Section 138 NI Act and IBC Moratorium, providing clarity on dishonour of cheques & insolvency proceedings, resolvg ambuities for lenders & borrowers.. (i) Section 138(1), which deals with discharge orders, stipulates that the Bankruptcy Trustee should apply for the discharge of the Bankrupt before the Adjudicating Authority.

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