https://www.taxtmi.com/caselaws?id=279368 A complaint under the Negotiable Instruments Act was held time-barred against the company because no complaint was filed within the prescribed period after the first dishonour, and later presentation of the cheque did not revive limitation for the company. The complaint remained maintainable against the managing director because the later dishonour was within limitation and the pleadings specifically stated that he was the managing director in charge of, and responsible for, the company's business. The note records the settled position that proceedings under Sections 138 and 141 may continue against a person in charge even if the company is not proceeded against due to limitation. en-us Mon, 13 Aug 2007 00:00:00 +0530 Thu, 14 Mar 2019 18:04:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279368 A complaint under the Negotiable Instruments Act was held time-barred against the company because no complaint was filed within the prescribed period after the first dishonour, and later presentation of the cheque did not revive limitation for the company. The complaint remained maintainable against the managing director because the later dishonour was within limitation and the pleadings specifically stated that he was the managing director in charge of, and responsible for, the company's business. The note records the settled position that proceedings under Sections 138 and 141 may continue against a person in charge even if the company is not proceeded against due to limitation. Case-Laws Companies Law Mon, 13 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279368