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    <title>2001 (5) TMI 978 - Supreme Court</title>
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    <description>Section 141 of the Negotiable Instruments Act creates vicarious penal liability for persons responsible for a company&#039;s business, and prosecution of the company is not a condition precedent to proceeding against such persons if the company&#039;s commission of the offence is otherwise established. The absence of arraignment of the company, by itself, does not bar a complaint under Section 138 against the drawer and other statutorily liable persons. The complaint was therefore maintainable, and the quashing order could not stand merely because the firm or company had not been joined as an accused.</description>
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    <pubDate>Wed, 02 May 2001 00:00:00 +0530</pubDate>
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      <title>2001 (5) TMI 978 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=302922</link>
      <description>Section 141 of the Negotiable Instruments Act creates vicarious penal liability for persons responsible for a company&#039;s business, and prosecution of the company is not a condition precedent to proceeding against such persons if the company&#039;s commission of the offence is otherwise established. The absence of arraignment of the company, by itself, does not bar a complaint under Section 138 against the drawer and other statutorily liable persons. The complaint was therefore maintainable, and the quashing order could not stand merely because the firm or company had not been joined as an accused.</description>
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      <pubDate>Wed, 02 May 2001 00:00:00 +0530</pubDate>
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