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    <title>2001 (11) TMI 1042 - MADRAS HIGH COURT</title>
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    <description>Criminal proceedings under Section 138 of the Negotiable Instruments Act could not be sustained against a person who had resigned as director and chairman before the cheques were issued and before liability arose. Form 32 and company records showing the resignation were treated as public documents and relied on at the quashing stage. Since the resignation took effect on 4.10.1999, the petitioner was no longer in charge of or responsible for the company&#039;s affairs when the cheques were issued or when the dishonour notices gave rise to the cause of action. The proceedings against him were therefore quashed.</description>
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    <pubDate>Thu, 08 Nov 2001 00:00:00 +0530</pubDate>
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      <title>2001 (11) TMI 1042 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=199363</link>
      <description>Criminal proceedings under Section 138 of the Negotiable Instruments Act could not be sustained against a person who had resigned as director and chairman before the cheques were issued and before liability arose. Form 32 and company records showing the resignation were treated as public documents and relied on at the quashing stage. Since the resignation took effect on 4.10.1999, the petitioner was no longer in charge of or responsible for the company&#039;s affairs when the cheques were issued or when the dishonour notices gave rise to the cause of action. The proceedings against him were therefore quashed.</description>
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      <pubDate>Thu, 08 Nov 2001 00:00:00 +0530</pubDate>
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