https://www.taxtmi.com/caselaws?id=421100 Complaints under Section 138 of the Negotiable Instruments Act were not quashed against a former director because the resignation claim was not supported by reliable documentary proof. Loan records identified the petitioner as a full-time director, while the alleged resignation letter was unaccompanied by any board resolution or certified filing showing acceptance of resignation or a change in the company's board composition. In these circumstances, the court held that the matter required trial and that the complaints did not reveal a defect justifying interference under Section 482 of the Code of Criminal Procedure. en-us Wed, 13 Apr 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421100 Complaints under Section 138 of the Negotiable Instruments Act were not quashed against a former director because the resignation claim was not supported by reliable documentary proof. Loan records identified the petitioner as a full-time director, while the alleged resignation letter was unaccompanied by any board resolution or certified filing showing acceptance of resignation or a change in the company's board composition. In these circumstances, the court held that the matter required trial and that the complaints did not reveal a defect justifying interference under Section 482 of the Code of Criminal Procedure. Case-Laws Indian Laws Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421100