https://www.taxtmi.com/caselaws?id=299745 The court dropped proceedings against petitioners (A-3, A-4, A-6, and A-7) under Section 138 of the Negotiable Instruments Act due to insufficient evidence of consent or connivance, emphasizing the need for specific allegations meeting Section 141 requirements. The court highlighted the distinction between Sections 141(1) and 141(2), stating that mere directorial allegations without supporting material were inadequate to invoke Section 141(2). The trial against other accused parties was directed to continue promptly, underscoring the importance of meeting legal prerequisites for sustaining proceedings under the Act. en-us Fri, 07 Jun 2002 00:00:00 +0530 Tue, 28 Dec 2021 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299745 The court dropped proceedings against petitioners (A-3, A-4, A-6, and A-7) under Section 138 of the Negotiable Instruments Act due to insufficient evidence of consent or connivance, emphasizing the need for specific allegations meeting Section 141 requirements. The court highlighted the distinction between Sections 141(1) and 141(2), stating that mere directorial allegations without supporting material were inadequate to invoke Section 141(2). The trial against other accused parties was directed to continue promptly, underscoring the importance of meeting legal prerequisites for sustaining proceedings under the Act. Case-Laws Indian Laws Fri, 07 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299745