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        Case ID :
        Indian Laws

        Dishonour of Cheque - Liability of a Director - principles of...

        Director's Liability in Cheque Dishonor Case Examined, Petitions Dismissed Under Negotiable Instruments Act.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Dishonour of Cheque - Liability of a Director - principles of vicarious liability - petitioner had already resigned on 15.03.2014 as Director of the Company and was neither signatory of the cheques, nor Managing Director of the Company - Section 141 of NI Act - The court scrutinized the timing and validity of a clarificatory certificate issued by a Chartered Accountant regarding the petitioner's status as a non-executive director, highlighting its submission subsequent to the initiation of legal proceedings. Ultimately, the court dismissed the petitions, imposing costs on the petitioner.
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