https://www.taxtmi.com/caselaws?id=301993 Vicarious liability under Section 141 of the Negotiable Instruments Act, 1881 cannot be fastened on a director by a mechanical repetition of statutory language. A complaint must contain clear, specific and fact-based averments showing how and in what manner the director was in charge of and responsible for the conduct of the company's business; a bare assertion that the person was a director or responsible for day-to-day affairs is insufficient. On that basis, the Court held that process against the director could not be sustained and quashed the complaint insofar as it related to the petitioners. en-us Tue, 12 Feb 2013 00:00:00 +0530 Fri, 29 Apr 2022 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301993 Vicarious liability under Section 141 of the Negotiable Instruments Act, 1881 cannot be fastened on a director by a mechanical repetition of statutory language. A complaint must contain clear, specific and fact-based averments showing how and in what manner the director was in charge of and responsible for the conduct of the company's business; a bare assertion that the person was a director or responsible for day-to-day affairs is insufficient. On that basis, the Court held that process against the director could not be sustained and quashed the complaint insofar as it related to the petitioners. Case-Laws Indian Laws Tue, 12 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301993