https://www.taxtmi.com/caselaws?id=301685 The court quashed criminal proceedings against the second accused in a case under Section 138 of the Negotiable Instruments Act. The complaint was filed after the statutory period, and the court interpreted the liability of an authorized signatory. The court held that the petitioner, as an authorized signatory of a proprietary concern, cannot be prosecuted solely for signing and issuing a dishonored cheque. Since the cheque was not drawn on an account maintained by the petitioner, the prosecution against him was unsustainable. Consequently, the criminal proceedings against the petitioner were quashed, while the decision did not extend to the other accused. en-us Mon, 29 Jun 2009 00:00:00 +0530 Fri, 15 Apr 2022 13:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301685 The court quashed criminal proceedings against the second accused in a case under Section 138 of the Negotiable Instruments Act. The complaint was filed after the statutory period, and the court interpreted the liability of an authorized signatory. The court held that the petitioner, as an authorized signatory of a proprietary concern, cannot be prosecuted solely for signing and issuing a dishonored cheque. Since the cheque was not drawn on an account maintained by the petitioner, the prosecution against him was unsustainable. Consequently, the criminal proceedings against the petitioner were quashed, while the decision did not extend to the other accused. Case-Laws Indian Laws Mon, 29 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301685