https://www.taxtmi.com/caselaws?id=425616 The High Court quashed the proceedings against the petitioners, who were directors of the accused company, in a case under Section 138 of the Negotiable Instruments Act. The Court found that the summoning order was faulty as the petitioners had resigned before the alleged offense, a fact not considered by the Trial Court. The High Court emphasized the importance of clearly stating the roles of the accused in complaints under the NI Act. Certified copies of Form-32 confirming the petitioners' resignation were deemed conclusive evidence, leading to the petitioners being absolved of responsibility. The Court ordered the Trial Court to be informed of the judgment electronically and for the judgment to be uploaded on the website promptly. en-us Tue, 26 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 09:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425616 The High Court quashed the proceedings against the petitioners, who were directors of the accused company, in a case under Section 138 of the Negotiable Instruments Act. The Court found that the summoning order was faulty as the petitioners had resigned before the alleged offense, a fact not considered by the Trial Court. The High Court emphasized the importance of clearly stating the roles of the accused in complaints under the NI Act. Certified copies of Form-32 confirming the petitioners' resignation were deemed conclusive evidence, leading to the petitioners being absolved of responsibility. The Court ordered the Trial Court to be informed of the judgment electronically and for the judgment to be uploaded on the website promptly. Case-Laws Indian Laws Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425616