NCLT Mumbai: Pending Cheque-Bounce Case Does not Prevent Admission of Insolvency Petition - 02.12.2025

NCLT Mumbai ruled that a pending cheque-bounce case under the Negotiable Instruments Act does not bar insolvency proceedings. It admitted Rexel India Pvt Ltd’s application to initiate the corporate insolvency resolution process against Proto D Industries Pvt Ltd.

Tags : Cheque-Bounce Negotiable Instruments Act Corporate Insolvency Resolution Process

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