https://www.taxtmi.com/caselaws?id=374208 The Court quashed the criminal complaint cases against the petitioners challenging summoning orders under Section 138 of the Negotiable Instruments Act. The Court clarified that non-executive directors are not automatically liable under Section 141 NI Act unless actively involved in day-to-day operations, emphasizing the need for specific allegations regarding their role in company affairs at the time of the offense. As the complainant failed to establish the petitioners' involvement in the company's affairs during the offenses, the presumption under Section 141 NI Act could not be raised, leading to the quashing of the proceedings against the petitioners. en-us Tue, 04 Dec 2018 00:00:00 +0530 Mon, 27 May 2019 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374208 The Court quashed the criminal complaint cases against the petitioners challenging summoning orders under Section 138 of the Negotiable Instruments Act. The Court clarified that non-executive directors are not automatically liable under Section 141 NI Act unless actively involved in day-to-day operations, emphasizing the need for specific allegations regarding their role in company affairs at the time of the offense. As the complainant failed to establish the petitioners' involvement in the company's affairs during the offenses, the presumption under Section 141 NI Act could not be raised, leading to the quashing of the proceedings against the petitioners. Case-Laws Indian Laws Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374208