Where proceedings under Section 138 of Negotiable Instruments Act, 1881 had already commenced and during the pendency Resolution Plan for Corporate Debtor is approved or the company gets dissolved, directors and the other accused cannot escape from their liability by citing its dissolution – Ajay Kumar Radheshyam Goenka Vs. Tourism Finance Corporation of India Ltd. – Supreme Court

In case you've already logged in, click here to know why you're not able to access this content.