NIA S. 138 – Order of moratorium passed under the IB Code 2016 – Post dated cheques presented – No Liability

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

PLRonline 3317404