Does Insolvency proceedings puts an end to the cheque bouncing cases ?
The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “IBC”) provides moratorium once an application for insolvency is filed under the provision of IBC and accepted by the National Company Law Tribunal (hereinafter referred to as NCLT). Post imposition of moratorium against the corporate debtor, halts the other…