NIA S. 138 – Order of moratorium passed under the IB Code 2016 and Resolution professional appointed – Prior to the effective dates mentioned on the Post dated cheques the said account was blocked – Such blocking cannot at all be attributed to the account holder, as it was a result of the order passed by NCLT – By the said order, the authority and control of the account holder over the account ceased to exist – Complaint quashed – IB Code 2016 – Moratorium.
IBC S. 14