https://www.taxtmi.com/caselaws?id=198220 The court concluded that the complaints against the Directors lacked specific averments to hold them liable under Section 141 of the Negotiable Instruments Act. As the complaints did not detail the roles and responsibilities of the Directors, the petitions were allowed, and the complaints against the Directors were quashed. However, proceedings against other accused parties, including the Company, Managing Director, Joint Managing Director, or the signatory of the cheque, were to continue as per the law. en-us Fri, 17 Jun 2011 00:00:00 +0530 Thu, 25 Jan 2018 15:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198220 The court concluded that the complaints against the Directors lacked specific averments to hold them liable under Section 141 of the Negotiable Instruments Act. As the complaints did not detail the roles and responsibilities of the Directors, the petitions were allowed, and the complaints against the Directors were quashed. However, proceedings against other accused parties, including the Company, Managing Director, Joint Managing Director, or the signatory of the cheque, were to continue as per the law. Case-Laws Indian Laws Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198220