When a person undergoes IBC proceedings, a moratorium on legal action with respect to any debt kicks in. But there is little ...
The Supreme Court referred to a larger bench key questions on whether insolvency moratorium provisions under the Insolvency and Bankruptcy Code can stay cheque bounce proceedings under the Negotiable ...
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The larger bench is now expected to settle whether the moratorium extinguishes or merely suspends the penal consequences flowing from cheque dishonour proceedings against insolvent entities.
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Kenyan businesses arelosing an estimated Sh68 billion annually due to bounced cheques, underscoring the growing need for faster, more efficient debt-recovery solutions in thecountry's commercial ...