Criminal
Section 446 Companies Act Cannot Override Section 138 Negotiable Instruments Act; NI Act Has Overriding Effect by Virtue of Section 143(1): Punjab and Haryana High Court
Punjab and Haryana High Court held that the NI Act confers overriding jurisdiction on criminal courts for cheque dishonour complaints under Section 138, even when a company is in winding up. The Companies Act cannot override the special law.
Insolvency
High Court Declines to Entertain Writ Petition Challenging NCLT Order; Statutory Remedy Under Section 61 IBC Must Be Availed
Division Bench of Punjab and Haryana High Court declined to entertain writ petition challenging NCLT order admitting Section 7 IBC application, directing petitioners to avail statutory remedy of appeal under Section 61 IBC before NCLAT.