Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The court interpreted Section 141 of the Negotiable Instruments Act, holding that managing directors and joint managing directors are responsible for the company's conduct by virtue of their position. Signatories of dishonored checks are also covered u/s 141(2). In the absence of averments u/s 50(1) of the 1984 Act in the complaint, the trial court could not take cognizance against the directors. However, the managing director would be responsible for the company's business. The complaint was quashed against the directors but allowed against the managing director and the company. The Supreme Court's order was modified accordingly.
The court interpreted Section 141 of the Negotiable Instruments Act, holding that managing directors and joint managing directors are responsible for the company's conduct by virtue of their position. Signatories of dishonored checks are also covered u/s 141(2). In the absence of averments u/s 50(1) of the 1984 Act in the complaint, the trial court could not take cognizance against the directors. However, the managing director would be responsible for the company's business. The complaint was quashed against the directors but allowed against the managing director and the company. The Supreme Court's order was modified accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
