Cheque Dishonouring Case become Invalid when cause of Action arose after Declaration of Moratorium under IBC Moratorium: Supreme Court

The Supreme Court has ruled that a cheque dishonoring case becomes invalid when the cause of action arose after the declaration of moratorium under IBC. This decision clarifies the interaction between cheque dishonor cases and insolvency proceedings. The court's ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on IBC procedures. The ruling underscores the need for legal compliance.