Decrypting intelligence dossier...
The Supreme Court has referred the legal conflict between the Insolvency and Bankruptcy Code and Section 138 of the Negotiable Instruments Act to a larger bench. The core issue is whether corporate insolvency moratoriums should pause criminal proceedings related to cheque bouncing. Resolving this intersection is critical to balancing the objective of orderly debt resolution with the need to maintain criminal deterrence in financial transactions.
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