SC holds Moratorium under IBC Bars Parallel Proceedings under

ibc 138Proceedings under Section 138 of the Negotiable Instruments Act, 1881 for dishonor of cheque cannot continue against a corporate debtor when an order of(i) Section 138(1), which deals with discharge orders, stipulates that the Bankruptcy Trustee should apply for the discharge of the Bankrupt before the Adjudicating Authority.