Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Dishonour of Cheque - vicarious liability - Whether service of notice to the trust through its trustees suffices for the purpose of the NI Act. - The Delhi High Court dismissed petitions challenging the trial court’s order summoning the petitioners in complaint cases filed u/s 138 NI Act. The Court held that serving notice to the trust through its trustees meets the legal requirement, making individual notices to trustees unnecessary. It further established that trustees can be held vicariously liable u/s 141 NI Act, and the amended complaints sufficiently detailed the petitioners’ involvement in the alleged transactions.
Dishonour of Cheque - vicarious liability - Whether service of notice to the trust through its trustees suffices for the purpose of the NI Act. - The Delhi High Court dismissed petitions challenging the trial court’s order summoning the petitioners in complaint cases filed u/s 138 NI Act. The Court held that serving notice to the trust through its trustees meets the legal requirement, making individual notices to trustees unnecessary. It further established that trustees can be held vicariously liable u/s 141 NI Act, and the amended complaints sufficiently detailed the petitioners’ involvement in the alleged transactions.
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