1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
HC adjudicated a case involving vicarious liability under Section 141 of the Negotiable Instruments Act for an Independent Director. The Court held that mere designation as a Director is insufficient to establish criminal liability. The Complaint must explicitly demonstrate the specific role and responsibility of the Director in the company's affairs. In this instance, the Independent Director was neither a cheque signatory nor involved in financial decision-making, and had resigned prior to the incident. The Court emphasized that penal provisions creating vicarious liability must be strictly construed. Consequently, the Court allowed the petition, quashing proceedings against the Independent Director due to lack of specific averments and evidence of direct involvement in the alleged offence.
TaxTMI 
TaxTMI 
