https://www.taxtmi.com/caselaws?id=409275 The High Court quashed criminal proceedings in CC. No. 1011 of 2010 under Section 138 of the Negotiable Instruments Act against accused directors. The Court emphasized the necessity of specifying the directors' roles in the company for vicarious liability, citing the lack of specific attributions in the complaint. Following the Supreme Court's precedent, the judgment highlighted that vague allegations cannot sustain liability under Section 138. The decision aligned with legal principles, emphasizing the importance of establishing direct involvement in company affairs for vicarious liability, leading to the quashing of proceedings against the accused directors to uphold justice and legal standards. en-us Thu, 10 Jun 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409275 The High Court quashed criminal proceedings in CC. No. 1011 of 2010 under Section 138 of the Negotiable Instruments Act against accused directors. The Court emphasized the necessity of specifying the directors' roles in the company for vicarious liability, citing the lack of specific attributions in the complaint. Following the Supreme Court's precedent, the judgment highlighted that vague allegations cannot sustain liability under Section 138. The decision aligned with legal principles, emphasizing the importance of establishing direct involvement in company affairs for vicarious liability, leading to the quashing of proceedings against the accused directors to uphold justice and legal standards. Case-Laws Indian Laws Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409275