https://www.taxtmi.com/caselaws?id=424289 The court quashed the order allowing the petitioners to be arrayed as accused under Section 319 CrPC in a case under Section 138 of the Negotiable Instruments Act. It was found that there was no material to establish their involvement in the offense. The court emphasized that the loan was specifically given to the accused individual, not to the petitioners or the firm. As such, the petitioners were not held liable under Section 138 or vicariously liable under Section 141 of the Act. The order was quashed, and the petitioners were absolved of liability. en-us Wed, 15 Jun 2022 00:00:00 +0530 Sun, 26 Jun 2022 22:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424289 The court quashed the order allowing the petitioners to be arrayed as accused under Section 319 CrPC in a case under Section 138 of the Negotiable Instruments Act. It was found that there was no material to establish their involvement in the offense. The court emphasized that the loan was specifically given to the accused individual, not to the petitioners or the firm. As such, the petitioners were not held liable under Section 138 or vicariously liable under Section 141 of the Act. The order was quashed, and the petitioners were absolved of liability. Case-Laws Indian Laws Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424289