https://www.taxtmi.com/caselaws?id=420580 The court held that prosecution against directors without the company being accused under Section 138 of the Negotiable Instruments Act is not maintainable. The court emphasized the need for specific averments on directors' roles and the company's arraignment for vicarious liability. The petitions were allowed, quashing criminal proceedings against the directors due to insufficient allegations and failure to follow legal principles. en-us Mon, 21 Mar 2022 00:00:00 +0530 Tue, 05 Apr 2022 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420580 The court held that prosecution against directors without the company being accused under Section 138 of the Negotiable Instruments Act is not maintainable. The court emphasized the need for specific averments on directors' roles and the company's arraignment for vicarious liability. The petitions were allowed, quashing criminal proceedings against the directors due to insufficient allegations and failure to follow legal principles. Case-Laws Indian Laws Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420580