https://www.taxtmi.com/caselaws?id=401613 The court quashed the proceedings against the petitioners in various cases as the complaints lacked specific averments against the Directors, involved suppression of material facts, and did not relate to any legally enforceable debt. The court emphasized the necessity of detailed allegations against the Directors for vicarious liability and found that the cheques were not issued for a legally enforceable debt but as security. Consequently, the criminal original petitions were allowed, and the proceedings were quashed. en-us Mon, 23 Nov 2020 00:00:00 +0530 Wed, 19 May 2021 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401613 The court quashed the proceedings against the petitioners in various cases as the complaints lacked specific averments against the Directors, involved suppression of material facts, and did not relate to any legally enforceable debt. The court emphasized the necessity of detailed allegations against the Directors for vicarious liability and found that the cheques were not issued for a legally enforceable debt but as security. Consequently, the criminal original petitions were allowed, and the proceedings were quashed. Case-Laws Indian Laws Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401613