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    <title>2021 (11) TMI 279 - MADRAS HIGH COURT</title>
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    <description>The court held that a complaint under Section 138 of the Negotiable Instruments Act is not maintainable without the companies being made parties. It emphasized the necessity of arraigning the company as an accused for prosecution under Section 141. The court found the complaint against the petitioner, solely as an authorized signatory, not sustainable due to the lack of evidence establishing his control over the companies. Consequently, the court allowed the petition, quashing the proceedings against the petitioner while permitting the respondent to pursue a civil suit for recovery separately.</description>
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    <pubDate>Tue, 26 Oct 2021 00:00:00 +0530</pubDate>
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      <title>2021 (11) TMI 279 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=414498</link>
      <description>The court held that a complaint under Section 138 of the Negotiable Instruments Act is not maintainable without the companies being made parties. It emphasized the necessity of arraigning the company as an accused for prosecution under Section 141. The court found the complaint against the petitioner, solely as an authorized signatory, not sustainable due to the lack of evidence establishing his control over the companies. Consequently, the court allowed the petition, quashing the proceedings against the petitioner while permitting the respondent to pursue a civil suit for recovery separately.</description>
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      <pubDate>Tue, 26 Oct 2021 00:00:00 +0530</pubDate>
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