https://www.taxtmi.com/caselaws?id=405523 Vicarious liability for dishonour of cheque proceedings under the Negotiable Instruments Act cannot be presumed from mere directorship. A complaint must contain specific averments that the accused was in charge of and responsible for the company's business at the relevant time, or was a signatory to the cheque. Where the cheque was signed only by another accused and no such foundational allegations were made against the directors, the statutory basis to proceed was absent. The proceedings against the petitioners were therefore liable to be quashed. en-us Wed, 24 Feb 2021 00:00:00 +0530 Tue, 20 Apr 2021 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405523 Vicarious liability for dishonour of cheque proceedings under the Negotiable Instruments Act cannot be presumed from mere directorship. A complaint must contain specific averments that the accused was in charge of and responsible for the company's business at the relevant time, or was a signatory to the cheque. Where the cheque was signed only by another accused and no such foundational allegations were made against the directors, the statutory basis to proceed was absent. The proceedings against the petitioners were therefore liable to be quashed. Case-Laws Indian Laws Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405523