https://www.taxtmi.com/caselaws?id=393845 The court allowed the petitions, setting aside the summoning order and quashing the complaints filed under Section 138 of the Negotiable Instruments Act against the petitioner. The court emphasized the necessity of specific averments against those sought to be held vicariously liable, following the principles established in the "National Small Industries Corporation Limited" case. The court found that the petitioner, not being a director or signatory of the cheques, and having no involvement in the business transactions, could not be held vicariously liable under Section 141 of the NI Act. en-us Thu, 05 Mar 2020 00:00:00 +0530 Tue, 24 Mar 2020 10:50:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393845 The court allowed the petitions, setting aside the summoning order and quashing the complaints filed under Section 138 of the Negotiable Instruments Act against the petitioner. The court emphasized the necessity of specific averments against those sought to be held vicariously liable, following the principles established in the "National Small Industries Corporation Limited" case. The court found that the petitioner, not being a director or signatory of the cheques, and having no involvement in the business transactions, could not be held vicariously liable under Section 141 of the NI Act. Case-Laws Indian Laws Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393845