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ibc 138 Proceedings under Section 138 of the Negotiable Instruments Act, 1881 for dishonor of cheque cannot continue against a corporate debtor when an order of. 138. Dishonour of cheque for insufficiency, etc., of funds in the account.— · (a)the cheque has been presented to the bank within a period of six months from

ibc bet, IBC Section 138-Discharge order. (1) The bankruptcy trustee shall apply to the Adjudicating Authority for a discharge order— (a) on the expiry of one year from.