{"id":5705,"date":"2026-05-04T00:08:37","date_gmt":"2026-05-04T00:08:37","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=5705"},"modified":"2026-05-04T00:08:38","modified_gmt":"2026-05-04T00:08:38","slug":"ibbi-sc-judgement-dated-16-04-2026-ibc-proceedings-do-not-shield-directors-from-cheque-bounce-prosecution","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/05\/04\/ibbi-sc-judgement-dated-16-04-2026-ibc-proceedings-do-not-shield-directors-from-cheque-bounce-prosecution\/","title":{"rendered":"IBBI, SC Judgement Dated 16\/04\/2026 &#8211; IBC Proceedings do not Shield Directors from Cheque Bounce Prosecution\u00a0"},"content":{"rendered":"\n<p><em>Case of Abhaykumar Anandkumar Bhambore vs Ortho Relief Hospital and Research Centre, , SC Judgement Dated 16<sup>th<\/sup>\u00a0April 2026.<\/em>The apex court\u00a0upheld the HC Judgement, which held that the Directors of the Company remain liable under Section 138 of the NI Act, even if the Company debt is resolved under the Insolvency and Bankruptcy Code. Section 138 proceedings are penal in nature, aimed at maintaining the integrity of commercial transactions and not just compensating.<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1HQKMBVkfnkMAl59oVhB0WiKhlbx_47Sf\/view?usp=sharing\"><em>(Link: SC Judgement Dated 16\/04\/2026)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Case of Abhaykumar Anandkumar Bhambore vs Ortho Relief Hospital and Research Centre, , SC Judgement Dated 16th\u00a0April 2026.The apex court\u00a0upheld [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[66,69],"tags":[],"class_list":["post-5705","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-judiciary-ibbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBBI, SC Judgement Dated 16\/04\/2026 - IBC Proceedings do not Shield Directors from Cheque Bounce Prosecution\u00a0 - Bhatia Bhola &amp; 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