High Court of Crl

1 judgment

Anant Slinderam v. Saroj Gupta

13 May 2013 · Kailash Gambhir · 2013:DHC:6889

The High Court quashed the complaint against a director who resigned before cheque dishonour, holding that vicarious liability under Section 141 of the Negotiable Instruments Act applies only to persons in charge at the time of the offence.

criminal petition_allowed Significant Section 138 Negotiable Instruments Act Section 141 Negotiable Instruments Act vicarious liability director liability