https://www.taxtmi.com/caselaws?id=332896 The Court upheld the order summoning the petitioners in a case concerning the dishonor of a cheque under Sections 138 of the Negotiable Instruments Act. Despite the petitioners' claim of resigning as Directors before the cheque issuance, discrepancies in resignation dates and lack of conclusive evidence led the Court to dismiss their plea. The Court emphasized the need for further evidence during trial to establish the actual resignation dates, indicating that the issue should be resolved through trial proceedings to determine the petitioners' liability under the Act. en-us Tue, 20 Sep 2016 00:00:00 +0530 Thu, 29 Sep 2016 08:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332896 The Court upheld the order summoning the petitioners in a case concerning the dishonor of a cheque under Sections 138 of the Negotiable Instruments Act. Despite the petitioners' claim of resigning as Directors before the cheque issuance, discrepancies in resignation dates and lack of conclusive evidence led the Court to dismiss their plea. The Court emphasized the need for further evidence during trial to establish the actual resignation dates, indicating that the issue should be resolved through trial proceedings to determine the petitioners' liability under the Act. Case-Laws Indian Laws Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332896