Supreme Court of India · 2021-11-18
M/S NAG LEATHERS PVT. LTD. vs M/S DYNAMIC MARKETING PARTNERSHIP REP. BY ITS PARTNERS
- Citation / case number
- SC 2019/32588
- Court
- Supreme Court of India
- Petitioner
- M/S NAG LEATHERS PVT. LTD.
- Respondent
- M/S DYNAMIC MARKETING PARTNERSHIP REP. BY ITS PARTNERS
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE THE CHIEF JUSTICE
Judgment text excerpt
The Supreme Court addressed the appeal challenging the High Court's refusal to quash proceedings under Section 138 of the Negotiable Instruments Act, 1881. The appellant argued that a moratorium issued by the NCLT prohibited the initiation of such proceedings due to the nature of the debt being unenforceable. The Court upheld the High Court's decision, emphasizing the validity of the proceedings despite the moratorium, thereby dismissing the appeal.