SC holds Moratorium under IBC Bars Parallel Proceedings under

ibc 138 (i) Section 138(1), which deals with discharge orders, stipulates that the Bankruptcy Trustee should apply for the discharge of the Bankrupt before the Adjudicating Authority.. Proceedings initiated against Personal Guarantor under Section 138 of NI Act, 1881 should not be stayed upon filing application under Section 94 of IBC | Moratorium under

ibc max, 138. Dishonour of cheque for insufficiency, etc., of funds in the account.— · (a)the cheque has been presented to the bank within a period of six months from.