1. Cheque Bounce cases. Moratorium contained in Section 14 of the Insolvency and Bankruptcy Code applies only to Corporate Debtors. Directors are liable under Chapter XVII of the Negotiable Instruments Act. Karnataka High Court. https://www.dakshalegal.com/judgements/actionView/D5BdzfNtpM2bRwkavFCeKoy3v 2. Interim compensation in cheque bounce cases. Magistrate can award compensation ranging from 1% to 20% in a cautious manner …
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