Post-Dated Cheques and IBC Moratorium: NCLAT Clarifies Law in Sunil Gutte
The commercial world often relies on post-dated instruments, be it cheques or electronic mandates, to manage future financial obligations, offering a semblance of certainty in payment schedules. However, what happens when a counterparty to such an arrangement enters into a CIRP? Specifically, do post-dated cheques or electronic mandates issued prior to the initiation of CIRP remain valid and enforceable if […]
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