High Court ruling highlights distinction between executive and non-executive directors in cheque dishonor cases. Misstep in vicarious liability. https://www.taxtmi.com/highlights?id=64908 Dishonor of Cheque - vicarious liability - rebuttal of presumption - non-Executive Independent Directors - What the High Court overlooked was, the contention of these Appellants that they were non-Executive Independent Directors of the Accused Company, based on unimpeachable materials on record. - there could be no justification for not dispensing with the personal appearance of the Appellants, when the Company had entered appearance through an authorized officer. - SC en-us Tue, 02 Aug 2022 09:56:25 +0530 Tue, 02 Aug 2022 09:56:25 +0530 TaxTMI RSS Generator High Court ruling highlights distinction between executive and non-executive directors in cheque dishonor cases. Misstep in vicarious liability. https://www.taxtmi.com/highlights?id=64908 Dishonor of Cheque - vicarious liability - rebuttal of presumption - non-Executive Independent Directors - What the High Court overlooked was, the contention of these Appellants that they were non-Executive Independent Directors of the Accused Company, based on unimpeachable materials on record. - there could be no justification for not dispensing with the personal appearance of the Appellants, when the Company had entered appearance through an authorized officer. - SC Highlights Indian Laws Tue, 02 Aug 2022 09:56:25 +0530 https://www.taxtmi.com/highlights?id=64908