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    <title>2007 (1) TMI 613 - BOMBAY HIGH COURT</title>
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    <description>Section 141 of the Negotiable Instruments Act requires a specific averment that the accused was in charge of and responsible for the company&#039;s business at the time of the offence; mere status as a director is insufficient. Where the complaint contains only general allegations, attributes the cheque transactions to another director, and the record shows resignation before the cheques were issued, the material is inadequate to compel the former director to face trial. On those pleaded facts, the process issued against him was liable to be quashed in respect of the offences under Section 138 of the NI Act and Section 420 of the IPC.</description>
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    <pubDate>Wed, 10 Jan 2007 00:00:00 +0530</pubDate>
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