Criminal liability in cheque bounce case -- Moratorium period – Corporate debtor – Moratorium provision contained in Section 14 of the IBC would apply only to the corporate debtor, the natural persons mentioned in Section 141 continuing to be statutorily liable under Chapter XVII of the Negotiable Instruments Act -- Section 138/141 proceeding against a corporate debtor is covered by Section 14(1)(a) of the IBC.

(SC) Decided on: 01.03.2021