https://www.taxtmi.com/caselaws?id=274607 The Court quashed the proceedings under sections 138 and 141 of the Negotiable Instruments Act against the petitioners, who were directors of the company, due to insufficient specific allegations implicating them in the company's conduct. The Court emphasized the necessity of clear and unambiguous allegations to hold directors vicariously liable for company offenses, citing relevant Supreme Court judgments. Consequently, the proceedings against the petitioners and other directors in a similar position were quashed, and the trial against the remaining accused was directed to proceed promptly. en-us Thu, 12 Apr 2007 00:00:00 +0530 Fri, 24 Aug 2018 10:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274607 The Court quashed the proceedings under sections 138 and 141 of the Negotiable Instruments Act against the petitioners, who were directors of the company, due to insufficient specific allegations implicating them in the company's conduct. The Court emphasized the necessity of clear and unambiguous allegations to hold directors vicariously liable for company offenses, citing relevant Supreme Court judgments. Consequently, the proceedings against the petitioners and other directors in a similar position were quashed, and the trial against the remaining accused was directed to proceed promptly. Case-Laws Indian Laws Thu, 12 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274607