Moratorium Provision U/S 14 IBC Applies Only To Corporate Debtor; Natural Persons Are Liable Under NI Act: Bombay High Court
The Bombay Excessive Courtroom held that the moratorium provision below Part 14 of the Insolvency and Chapter Code, 2016 applies solely to the Company Debtor and the pure individuals are liable below Chapter XVII of the Negotiable Devices Act, 1881 (NI Act). The Nagpur Bench held thus in a batch of Felony Purposes searching for…