https://www.taxtmi.com/caselaws?id=343754 Vicarious liability under the Negotiable Instruments Act cannot be fastened on a former director who had resigned before the cheque was presented and who was not shown to be in charge of the company at the relevant time. Liability under Section 138 also depends on statutory demand notice and non-payment within the prescribed period; where no notice was issued or served on the former director, the prosecution could not proceed. On these admitted facts, the criminal proceedings were quashed as an abuse of process. en-us Thu, 18 May 2017 00:00:00 +0530 Thu, 01 Jun 2017 07:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343754 Vicarious liability under the Negotiable Instruments Act cannot be fastened on a former director who had resigned before the cheque was presented and who was not shown to be in charge of the company at the relevant time. Liability under Section 138 also depends on statutory demand notice and non-payment within the prescribed period; where no notice was issued or served on the former director, the prosecution could not proceed. On these admitted facts, the criminal proceedings were quashed as an abuse of process. Case-Laws Indian Laws Thu, 18 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343754