https://www.taxtmi.com/caselaws?id=392800 Complaint under the Negotiable Instruments Act against a director alone was held not maintainable where the company, being the drawer of the cheque, was not arraigned as an accused. The court applied the settled principle that vicarious liability under Section 141 can arise only when the company itself is prosecuted, and in its absence the foundation for proceeding against the director is missing. On that basis, the summoning order, revisional order and criminal complaint proceedings were quashed. en-us Wed, 19 Feb 2020 00:00:00 +0530 Sat, 29 Feb 2020 06:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392800 Complaint under the Negotiable Instruments Act against a director alone was held not maintainable where the company, being the drawer of the cheque, was not arraigned as an accused. The court applied the settled principle that vicarious liability under Section 141 can arise only when the company itself is prosecuted, and in its absence the foundation for proceeding against the director is missing. On that basis, the summoning order, revisional order and criminal complaint proceedings were quashed. Case-Laws Indian Laws Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392800