https://www.taxtmi.com/caselaws?id=108559 The court dismissed the petition to quash proceedings under section 138 of the Negotiable Instruments Act against the petitioner, emphasizing the petitioner's role as a director in the company's affairs and the timeline of the offense as the basis for liability under the Act. The court held that the petitioner's resignation as a director did not absolve him from liability, as the cause of action for the offense arises from the date of the cheque issuance, not the resignation date. The court found the petitioner's arguments lacking merit and upheld the proceedings against him. en-us Mon, 21 Oct 2002 00:00:00 +0530 Mon, 02 Apr 2012 16:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108559 The court dismissed the petition to quash proceedings under section 138 of the Negotiable Instruments Act against the petitioner, emphasizing the petitioner's role as a director in the company's affairs and the timeline of the offense as the basis for liability under the Act. The court held that the petitioner's resignation as a director did not absolve him from liability, as the cause of action for the offense arises from the date of the cheque issuance, not the resignation date. The court found the petitioner's arguments lacking merit and upheld the proceedings against him. Case-Laws Companies Law Mon, 21 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108559