TMI Blog2022 (3) TMI 1534X X X X Extracts X X X X X X X X Extracts X X X X ..... ISPAT PVT. LTD. [ 2021 (3) TMI 94 - SUPREME COURT ], a Bench of three-Judges of this Court considered the matter whether a corporate entity in respect of which moratorium had become effective could be proceeded against in terms of Sections 138 and 141 of the Negotiable Instruments Act, 1881 where it was held that The Section 138/141 proceedings in this case will continue both against the com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs and its Directors Under Section 138 of the Negotiable Instruments Act, 1881 pending before concerned the Judicial Magistrate/Chief Metropolitan Magistrate/Judicial Magistrate of 1st Class in view of the order dated 18.3.2020 passed by the National Company Law Tribunal, Chandigarh in C.A. No. 610 of 2019 in CP (IB) No. 119/Chd/CHD/2018 by which the Resolution Plan was approved by the CoC Under S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as de-tagged pursuant to order dated 02.02.2021. 3. In P. Mohanraj and Ors. v. Shah Brothers Ispat Private Limited, (2021) 6 SCC 258, a Bench of three-Judges of this Court considered the matter whether a corporate entity in respect of which moratorium had become effective could be proceeded against in terms of Sections 138 and 141 of the Negotiable Instruments Act, 1881 ( the Act for short). ..... X X X X Extracts X X X X X X X X Extracts X X X X
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