The case involves a complaint bearing No. 15580/18 titled as Ms/ Shakti Trading Company versus M/s Xalta Food and Beverages Pvt. Ltd., and others, under Section 138 of the Negotiable Instruments Act, 1881. A cheque for Rs. One lac was dishonoured. The complainant sent a statutory notice. The petitioner, Vishnu Mittal, challenged the summoning order, arguing that a moratorium imposed by the National Company Law Tribunal (NCLT) on 25.7.2018, under Section 14 of the Insolvency and Bankruptcy Code (IBC), should extend to the proceedings under the Negotiable Instruments Act.
A complaint was filed against M/s Shakti Trading Company and others for dishonour of a cheque. The cheque, bearing No. 31859 dated 05.07.2018, for Rs. One lac, was dishonoured on 07.07.2018. A statutory notice was sent on 06.08.2018. The National Company Law Tribunal (NCLT) had imposed a moratorium on 25.07.2018, under Section 14 of the Insolvency and Bankruptcy Code (IBC), on M/s Xalta Food and Beverages Pvt. Ltd., the respondent-accused. Vishnu Mittal, a suspended director of M/s Xalta Food and Beverages Pvt. Ltd., challenged the summoning order, arguing that the moratorium should extend to the proceedings under the Negotiable Instruments Act. The complainant in the present case is the operational creditor in the insolvency proceedings before the NCLT.
Sign in to view the parties.
Cheque bearing No.…
Cheque beari…
The case involves a complaint bearing No. 15580/18 titled as Ms/ Shakti Trading Company versus M/s Xalta Food and Beverages Pvt. Ltd., and others, under Section 138 of the Negotiable Instruments Act, 1881. A cheque for Rs. One lac was dishonoured. The complainant sent a statutory notice. The petitioner, Vishnu Mittal, challenged the summoning order, arguing that a moratorium imposed by the National Company Law Tribunal (NCLT) on 25.7.2018, under Section 14 of the Insolvency and Bankruptcy Code (IBC), should extend to the proceedings under the Negotiable Instruments Act.
A complaint was filed against M/s Shakti Trading Company and others for dishonour of a cheque. The cheque, bearing No. 31859 dated 05.07.2018, for Rs. One lac, was dishonoured on 07.07.2018. A statutory notice was sent on 06.08.2018. The National Company Law Tribunal (NCLT) had imposed a moratorium on 25.07.2018, under Section 14 of the Insolvency and Bankruptcy Code (IBC), on M/s Xalta Food and Beverages Pvt. Ltd., the respondent-accused. Vishnu Mittal, a suspended director of M/s Xalta Food and Beverages Pvt. Ltd., challenged the summoning order, arguing that the moratorium should extend to the proceedings under the Negotiable Instruments Act. The complainant in the present case is the operational creditor in the insolvency proceedings before the NCLT.
Cheque bearing No.…
Cheque beari…