https://www.taxtmi.com/caselaws?id=194466 The court dismissed the petition to quash proceedings under Section 138 of the Negotiable Instruments Act against a director of a company. The court held that the averment of the director being in charge of the day-to-day affairs of the company was sufficient to establish liability under Section 141(1) of the Act. The court emphasized that specific allegations regarding the role and responsibility of accused directors are crucial to determine liability under the Act, and the director's position implied responsibility for the company's affairs, affirming his liability. en-us Fri, 03 Nov 2000 00:00:00 +0530 Fri, 08 Sep 2017 18:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194466 The court dismissed the petition to quash proceedings under Section 138 of the Negotiable Instruments Act against a director of a company. The court held that the averment of the director being in charge of the day-to-day affairs of the company was sufficient to establish liability under Section 141(1) of the Act. The court emphasized that specific allegations regarding the role and responsibility of accused directors are crucial to determine liability under the Act, and the director's position implied responsibility for the company's affairs, affirming his liability. Case-Laws Companies Law Fri, 03 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194466