https://www.taxtmi.com/caselaws?id=422640 Where a cheque is drawn on a company account, the company is treated as the drawer for purposes of Section 138 of the Negotiable Instruments Act, 1881, and statutory notice must ordinarily be issued to it as a condition precedent to prosecution. Vicarious liability cannot be fastened on the signatory or another connected person unless the company is properly arraigned and served in accordance with law. As the cheque in question bore the company's name as account holder and no valid notice was served on the company, a complaint against the respondent alone was held not maintainable, and the challenge to the revisional order failed. en-us Fri, 29 Apr 2022 00:00:00 +0530 Fri, 20 May 2022 08:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422640 Where a cheque is drawn on a company account, the company is treated as the drawer for purposes of Section 138 of the Negotiable Instruments Act, 1881, and statutory notice must ordinarily be issued to it as a condition precedent to prosecution. Vicarious liability cannot be fastened on the signatory or another connected person unless the company is properly arraigned and served in accordance with law. As the cheque in question bore the company's name as account holder and no valid notice was served on the company, a complaint against the respondent alone was held not maintainable, and the challenge to the revisional order failed. Case-Laws Indian Laws Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422640