Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Dishonour of Cheque - vicarious liability of the director - appellant was in-charge of day-to-day affairs of the Company or not - The appellant argued against her vicarious liability under Section 138 of the Negotiable Instruments Act, contending that she was not involved in the company's day-to-day affairs and was not a signatory to the cheques in question. The court found the allegations insufficient to establish the appellant's liability and quashed the proceedings against her. - Mere directorship does not automatically entail liability. - The court noted that the complaint lacked specific averments demonstrating how the appellant was in charge of the company's day-to-day affairs or responsible for its conduct.
Dishonour of Cheque - vicarious liability of the director - appellant was in-charge of day-to-day affairs of the Company or not - The appellant argued against her vicarious liability under Section 138 of the Negotiable Instruments Act, contending that she was not involved in the company's day-to-day affairs and was not a signatory to the cheques in question. The court found the allegations insufficient to establish the appellant's liability and quashed the proceedings against her. - Mere directorship does not automatically entail liability. - The court noted that the complaint lacked specific averments demonstrating how the appellant was in charge of the company's day-to-day affairs or responsible for its conduct.
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