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Bombay High Court Quashes Cheque Bounce Cases Under Negotiable Instruments Act Against Former Directors as Moratorium Under Insolvency Code Barred Proceedings, Emphasises “No Liability Without Control Over Company Affairs”
Court’s Decision The Bombay High Court, Nagpur Bench, quashed criminal proceedings under Section 138 read with Section 141 of the Negotiable Instruments Act against the former directors of Venus Rolling…
