https://www.taxtmi.com/caselaws?id=262972 A complaint seeking director liability under Section 141 of the Negotiable Instruments Act must specifically aver that, at the time of the offence, the accused was in charge of and responsible for the company's business. Where the complaint alleges participation in day-to-day business affairs, the proceedings cannot be quashed merely because the accused are directors. The Supreme Court held that the High Court erred in finding the requisite averment absent and in quashing the prosecution. The quashing was unsustainable and the criminal proceedings were restored for continuation in accordance with law. en-us Thu, 06 Aug 2015 00:00:00 +0530 Thu, 24 Aug 2017 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262972 A complaint seeking director liability under Section 141 of the Negotiable Instruments Act must specifically aver that, at the time of the offence, the accused was in charge of and responsible for the company's business. Where the complaint alleges participation in day-to-day business affairs, the proceedings cannot be quashed merely because the accused are directors. The Supreme Court held that the High Court erred in finding the requisite averment absent and in quashing the prosecution. The quashing was unsustainable and the criminal proceedings were restored for continuation in accordance with law. Case-Laws Companies Law Thu, 06 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262972