https://www.taxtmi.com/caselaws?id=284675 The court allowed the petition in part, quashing the proceedings against the third petitioner due to lack of specific allegations under section 141 of the Negotiable Instruments Act, 1881. The proceedings were permitted to continue against the other accused, with directions for the magistrate to handle the case accordingly, emphasizing adherence to the Act's provisions regarding liability for individuals actively involved in the company's business at the time of the offence under section 138. en-us Thu, 11 Sep 1997 00:00:00 +0530 Tue, 03 Dec 2019 10:27:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284675 The court allowed the petition in part, quashing the proceedings against the third petitioner due to lack of specific allegations under section 141 of the Negotiable Instruments Act, 1881. The proceedings were permitted to continue against the other accused, with directions for the magistrate to handle the case accordingly, emphasizing adherence to the Act's provisions regarding liability for individuals actively involved in the company's business at the time of the offence under section 138. Case-Laws Companies Law Thu, 11 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284675