https://www.taxtmi.com/caselaws?id=295797 The court dismissed the petitions seeking to quash proceedings against Accused Nos. 3 and 4 under Section 138 of the Negotiable Instruments Act, emphasizing the lack of concrete evidence supporting their resignations before the dishonor of cheques. The court highlighted the importance of producing relevant documents, such as filings with the Registrar of Companies, to establish resignation timelines. Without such evidence, the petitioners' claims of non-involvement in the company's affairs were not accepted. The judgment stressed the necessity of factual evidence in legal proceedings to determine liability, ultimately upholding the continuation of proceedings against the accused Directors. en-us Tue, 01 Jul 2014 00:00:00 +0530 Mon, 21 Jun 2021 09:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295797 The court dismissed the petitions seeking to quash proceedings against Accused Nos. 3 and 4 under Section 138 of the Negotiable Instruments Act, emphasizing the lack of concrete evidence supporting their resignations before the dishonor of cheques. The court highlighted the importance of producing relevant documents, such as filings with the Registrar of Companies, to establish resignation timelines. Without such evidence, the petitioners' claims of non-involvement in the company's affairs were not accepted. The judgment stressed the necessity of factual evidence in legal proceedings to determine liability, ultimately upholding the continuation of proceedings against the accused Directors. Case-Laws Indian Laws Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295797