https://www.taxtmi.com/caselaws?id=426227 The court quashed the complaint cases against the petitioner, a director of the accused company, under Section 138 read with Section 141 of the Negotiable Instruments Act. The court emphasized the necessity of specific allegations attributing responsibility to the director for the company's conduct to establish vicarious liability. Despite the directorship, the lack of evidence demonstrating active involvement in the company's affairs led to the complaints being dismissed, highlighting the importance of fulfilling legal criteria for liability under the Act. en-us Mon, 08 Aug 2022 00:00:00 +0530 Wed, 10 Aug 2022 09:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426227 The court quashed the complaint cases against the petitioner, a director of the accused company, under Section 138 read with Section 141 of the Negotiable Instruments Act. The court emphasized the necessity of specific allegations attributing responsibility to the director for the company's conduct to establish vicarious liability. Despite the directorship, the lack of evidence demonstrating active involvement in the company's affairs led to the complaints being dismissed, highlighting the importance of fulfilling legal criteria for liability under the Act. Case-Laws Indian Laws Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426227