https://www.taxtmi.com/caselaws?id=332704 The court quashed the criminal complaints and summoning orders under Section 138 of the Negotiable Instruments Act against the petitioner. It was held that the petitioner, who had ceased to be a director before the alleged offenses, could not be held vicariously liable under Section 141. The court emphasized the necessity of specific averments to establish liability and ruled in favor of the petitioner due to his lack of active involvement at the relevant time, thereby allowing the petitions and dismissing the charges against him. en-us Wed, 14 Sep 2016 00:00:00 +0530 Fri, 23 Sep 2016 12:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332704 The court quashed the criminal complaints and summoning orders under Section 138 of the Negotiable Instruments Act against the petitioner. It was held that the petitioner, who had ceased to be a director before the alleged offenses, could not be held vicariously liable under Section 141. The court emphasized the necessity of specific averments to establish liability and ruled in favor of the petitioner due to his lack of active involvement at the relevant time, thereby allowing the petitions and dismissing the charges against him. Case-Laws Indian Laws Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332704