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    <title>2007 (10) TMI 694 - MADRAS HIGH COURT</title>
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    <description>The court quashed the proceedings under Section 138 of the Negotiable Instruments Act against the petitioner, the second accused in a case where the first accused, the sole proprietrix, issued disputed cheques. The court held that a proprietary concern is not covered under Section 141 of the Act, absolving the second accused from vicarious liability. The petitioner&#039;s active involvement in managing the business was deemed insufficient to implicate them. The court allowed the Criminal Original Petition, closed the connected miscellaneous petition, and directed an expedited trial within five months.</description>
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    <pubDate>Wed, 24 Oct 2007 00:00:00 +0530</pubDate>
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      <title>2007 (10) TMI 694 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=279758</link>
      <description>The court quashed the proceedings under Section 138 of the Negotiable Instruments Act against the petitioner, the second accused in a case where the first accused, the sole proprietrix, issued disputed cheques. The court held that a proprietary concern is not covered under Section 141 of the Act, absolving the second accused from vicarious liability. The petitioner&#039;s active involvement in managing the business was deemed insufficient to implicate them. The court allowed the Criminal Original Petition, closed the connected miscellaneous petition, and directed an expedited trial within five months.</description>
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      <pubDate>Wed, 24 Oct 2007 00:00:00 +0530</pubDate>
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