https://www.taxtmi.com/caselaws?id=111810 The Supreme Court held that for an authorized signatory to be held liable under Section 138 of the Negotiable Instruments Act, the company must be made an accused. The Court emphasized the necessity of prosecuting the company to hold its officers responsible under Section 141. The appellant, as an authorized signatory, cannot be held liable under Section 138 without the company being an accused. Due to differing opinions among judges, the matter was referred to a three-Judge Bench for further consideration. en-us Thu, 08 May 2008 00:00:00 +0530 Tue, 15 Jul 2014 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111810 The Supreme Court held that for an authorized signatory to be held liable under Section 138 of the Negotiable Instruments Act, the company must be made an accused. The Court emphasized the necessity of prosecuting the company to hold its officers responsible under Section 141. The appellant, as an authorized signatory, cannot be held liable under Section 138 without the company being an accused. Due to differing opinions among judges, the matter was referred to a three-Judge Bench for further consideration. Case-Laws Companies Law Thu, 08 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111810