https://www.taxtmi.com/caselaws?id=105113 The court dismissed the plea to drop separate proceedings against the director after the company's discharge, affirming that criminal prosecution against directors can continue even if the company is in liquidation. It emphasized the personal liability of directors under Section 138 of the Negotiable Instruments Act, stating that the company's discharge does not absolve them. The court clarified that protections under the Companies Act do not shield directors from liability, allowing criminal proceedings against them to proceed independently. The court's decision upheld the accountability of individuals for cheque dishonor under the Act. en-us Fri, 24 Jul 1998 00:00:00 +0530 Fri, 02 Mar 2012 15:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105113 The court dismissed the plea to drop separate proceedings against the director after the company's discharge, affirming that criminal prosecution against directors can continue even if the company is in liquidation. It emphasized the personal liability of directors under Section 138 of the Negotiable Instruments Act, stating that the company's discharge does not absolve them. The court clarified that protections under the Companies Act do not shield directors from liability, allowing criminal proceedings against them to proceed independently. The court's decision upheld the accountability of individuals for cheque dishonor under the Act. Case-Laws Companies Law Fri, 24 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105113