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![Extinguishment of Debt under IBC would not ipso facto apply to extinguishment of criminal proceedings under NI Act: Himachal Pradesh HC [Read Order] Extinguishment of Debt under IBC would not ipso facto apply to extinguishment of criminal proceedings under NI Act: Himachal Pradesh HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/08/500x300_2074379-ni-act-ibc-criminal-proceedings-taxscan.webp)
Extinguishment of Debt under IBC would not ipso facto apply to extinguishment of criminal proceedings under NI Act: Himachal Pradesh HC [Read Order]
The Himachal Pradesh High Court in a recent case held that the process of extinguishment of Debt under Insolvency Bankruptcy Code (IBC), 2016 would...