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Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
The complaint was time-barred and filed beyond the stipulated period u/s 142(b) of the NI Act. The demand notice was served to the accused company through email on 11.03.2022, which constituted effective service on the directors as well. The limitation period commenced from the date of service, and the complaint filed on 28.04.2022 was beyond the prescribed time limit without seeking condonation of delay. The trial court took cognizance without considering the delay, rendering the complaint not maintainable. Consequently, the criminal complaint was quashed, and the order taking cognizance was set aside by the High Court.
The complaint was time-barred and filed beyond the stipulated period u/s 142(b) of the NI Act. The demand notice was served to the accused company through email on 11.03.2022, which constituted effective service on the directors as well. The limitation period commenced from the date of service, and the complaint filed on 28.04.2022 was beyond the prescribed time limit without seeking condonation of delay. The trial court took cognizance without considering the delay, rendering the complaint not maintainable. Consequently, the criminal complaint was quashed, and the order taking cognizance was set aside by the High Court.
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