https://www.taxtmi.com/caselaws?id=303161 The court allowed the petition and set aside the order of cognizance against the petitioner. It held that criminal proceedings under Section 138 of the N.I. Act could continue against directors even if the company is under liquidation. However, the petitioner could not be prosecuted as he had resigned before the issuance of the cheques, and the complaint lacked specific allegations about his role in the company's day-to-day affairs. en-us Mon, 26 Aug 2019 00:00:00 +0530 Wed, 06 Jul 2022 22:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303161 The court allowed the petition and set aside the order of cognizance against the petitioner. It held that criminal proceedings under Section 138 of the N.I. Act could continue against directors even if the company is under liquidation. However, the petitioner could not be prosecuted as he had resigned before the issuance of the cheques, and the complaint lacked specific allegations about his role in the company's day-to-day affairs. Case-Laws Indian Laws Mon, 26 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303161