Supreme Court settles debate on moratorium under insolvency code for cheque dishonor cases

Whether the initiation of insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a moratorium on proceedings against the corporate debtor, including those initiated under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) dealing with the dishonour of cheques, has been the subject matter of many litigations.

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