https://www.taxtmi.com/caselaws?id=249508 The Supreme Court held that proceedings against the appellant (Managing Director) in a case under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881 could not continue in the absence of the company being impleaded. The Court emphasized that prosecuting the company is essential for proceeding against individuals under Section 141. Since the company was not a party to the proceedings, continuing the case against the appellant was impermissible. Consequently, the Court set aside the High Court's judgment and quashed the summon and proceedings against the appellant. The appeal was allowed, and the appellant was relieved of the charges. en-us Mon, 07 Jul 2014 00:00:00 +0530 Fri, 11 Sep 2015 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249508 The Supreme Court held that proceedings against the appellant (Managing Director) in a case under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881 could not continue in the absence of the company being impleaded. The Court emphasized that prosecuting the company is essential for proceeding against individuals under Section 141. Since the company was not a party to the proceedings, continuing the case against the appellant was impermissible. Consequently, the Court set aside the High Court's judgment and quashed the summon and proceedings against the appellant. The appeal was allowed, and the appellant was relieved of the charges. Case-Laws Companies Law Mon, 07 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249508