https://www.taxtmi.com/caselaws?id=410199 In a prosecution under the Negotiable Instruments Act, mere designation as a director is insufficient to fasten criminal liability unless the complaint contains specific material showing that the directors were in charge of and responsible for the company's day-to-day business. The proceedings were therefore quashed in favour of the non-executive directors. By contrast, objections based on limitation and the alleged invalidity of the cheque as a non-CTS-2010 cheque involved disputed facts and evidentiary questions, including the cheque's issuance, presentation, and supporting banking materials. Those issues were held to be triable matters, so the prosecution against the company and its managing director was permitted to continue. en-us Fri, 16 Jul 2021 00:00:00 +0530 Mon, 26 Jul 2021 21:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410199 In a prosecution under the Negotiable Instruments Act, mere designation as a director is insufficient to fasten criminal liability unless the complaint contains specific material showing that the directors were in charge of and responsible for the company's day-to-day business. The proceedings were therefore quashed in favour of the non-executive directors. By contrast, objections based on limitation and the alleged invalidity of the cheque as a non-CTS-2010 cheque involved disputed facts and evidentiary questions, including the cheque's issuance, presentation, and supporting banking materials. Those issues were held to be triable matters, so the prosecution against the company and its managing director was permitted to continue. Case-Laws Indian Laws Fri, 16 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410199