https://www.taxtmi.com/highlights?id=55652 Dishonor of Cheque - Vicarious liability of Director - The primary liability in a cheque bounce case where cheque has been issued on behalf of the company is upon the drawer-Company. Though the accounts of the drawer company herein are under the control of a Resolution Professional but sword of liability qua cheque issued on behalf of company has been vicariously imposed on the suspended director/petitioner. - The impugned complaint and summoning order are set aside only qua the petitioner/director - HC en-us Fri, 27 Nov 2020 09:48:41 +0530 Fri, 27 Nov 2020 09:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55652 Dishonor of Cheque - Vicarious liability of Director - The primary liability in a cheque bounce case where cheque has been issued on behalf of the company is upon the drawer-Company. Though the accounts of the drawer company herein are under the control of a Resolution Professional but sword of liability qua cheque issued on behalf of company has been vicariously imposed on the suspended director/petitioner. - The impugned complaint and summoning order are set aside only qua the petitioner/director - HC Highlights Indian Laws Fri, 27 Nov 2020 09:48:41 +0530 https://www.taxtmi.com/highlights?id=55652