https://www.taxtmi.com/caselaws?id=416238 The court quashed the proceedings in CC No. 216 of 2012 against the petitioner (A3) under Sections 138, 141, and 142 of the Negotiable Instruments Act and Section 420 IPC. The judgment emphasized the need for specific averments establishing a director's active involvement in the company's affairs to impose vicarious liability. As the complaint failed to sufficiently establish the petitioner's role in the alleged offense, the court allowed the Criminal Petition under Section 482 Cr.P.C., resulting in the quashing of proceedings against the petitioner. en-us Thu, 09 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416238 The court quashed the proceedings in CC No. 216 of 2012 against the petitioner (A3) under Sections 138, 141, and 142 of the Negotiable Instruments Act and Section 420 IPC. The judgment emphasized the need for specific averments establishing a director's active involvement in the company's affairs to impose vicarious liability. As the complaint failed to sufficiently establish the petitioner's role in the alleged offense, the court allowed the Criminal Petition under Section 482 Cr.P.C., resulting in the quashing of proceedings against the petitioner. Case-Laws Indian Laws Thu, 09 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416238