https://www.taxtmi.com/caselaws?id=106212 Section 141 of the Negotiable Instruments Act fastens liability on persons in charge of and responsible for a company's business, but a Managing Director is ordinarily presumed to have such control and responsibility. Where the complaint, agreement and reply notice consistently described the accused as Managing Director, the absence of a verbatim averment reproducing Section 141 was not by itself fatal. The High Court therefore held that quashing under Section 482 CrPC was unwarranted and the Section 138 proceedings could continue. en-us Wed, 08 Sep 1999 00:00:00 +0530 Tue, 13 Mar 2012 12:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106212 Section 141 of the Negotiable Instruments Act fastens liability on persons in charge of and responsible for a company's business, but a Managing Director is ordinarily presumed to have such control and responsibility. Where the complaint, agreement and reply notice consistently described the accused as Managing Director, the absence of a verbatim averment reproducing Section 141 was not by itself fatal. The High Court therefore held that quashing under Section 482 CrPC was unwarranted and the Section 138 proceedings could continue. Case-Laws Companies Law Wed, 08 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106212