https://www.taxtmi.com/caselaws?id=295569 Complaints for cheque dishonour were treated as sustainable where demand notice was served on the director who signed the cheques, future-dated cheques became actionable on maturity, and the statutory presumption under Section 139 supported the existence of a legally recoverable liability. The company's liquidation and the petitioner's resignation were not treated as grounds to defeat prosecution at the quashing stage, and the limitation objection failed on the pleaded facts. For vicarious liability, the complaint was read as a whole and its averments that the petitioner was Chairman and ible for the company's affairs were held sufficient to require trial. Inherent power under Section 482 was therefore not exercised to terminate the proceedings at the threshold. en-us Wed, 31 Oct 2012 00:00:00 +0530 Wed, 09 Jun 2021 17:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295569 Complaints for cheque dishonour were treated as sustainable where demand notice was served on the director who signed the cheques, future-dated cheques became actionable on maturity, and the statutory presumption under Section 139 supported the existence of a legally recoverable liability. The company's liquidation and the petitioner's resignation were not treated as grounds to defeat prosecution at the quashing stage, and the limitation objection failed on the pleaded facts. For vicarious liability, the complaint was read as a whole and its averments that the petitioner was Chairman and ible for the company's affairs were held sufficient to require trial. Inherent power under Section 482 was therefore not exercised to terminate the proceedings at the threshold. Case-Laws Indian Laws Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295569