Delhi High Court quashes four cheque dishonour complaints against SILF President Dr Lalit Bhasin
The Court observed that there were no allegations that Bhasin was involved in the transaction or the dishonour of the cheques.
Source: barandbench.com
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Cheque Dishonour | No Vicarious Liability On Directors If Company Acquitted Of Offence Under NI Act: Kerala High Court
The Kerala High Court recently held that the directors of a company are not liable to be convicted for an offence under Section 138 ('Dishonour of Cheque') of the Negotiable Instruments Act ('NI Act')...
Source: livelaw.in
NI Act | In Cheque Case Against Company, Persons Can't Be Made Accused Only Because They're Managing Company's Business : Supreme Court
The Supreme Court recently held that under Section 141 of the Negotiable Instruments Act, 1881, a person will become vicariously liable when a company is accused of the offence under Section 138...
Source: livelaw.in