Quashment of proceedings against corporate debtor under S. 138 NI Act after issuance of moratorium under S. 14 IBC: Ss. 138/141 of the NI Act proceeding against corporate debtor is covered by S. 14 (1)(a) IBC as held in P. Mohanraj, (2021) 6 SCC 258. Hence, corporate debtor cannot be proceeded against under S. 138 of the NI Act.
[Nag Leathers (P) Ltd. v. Dynamic Mktg. Partnership, (2022) 2 SCC 271]