https://www.taxtmi.com/caselaws?id=429857 The court dismissed the petition seeking to quash the summoning order under Section 138 of the Negotiable Instruments Act. The petitioner's resignation from directorship before the cheque issuance was deemed ineffective as he maintained involvement with the company. The court held the petitioner liable under Sections 138 and 141 of the NI Act, emphasizing that resignation does not absolve a director of liability if they continue to control company affairs. The petitioner's arguments were rejected, and the case was directed to trial without expressing opinions on its merits. en-us Thu, 20 Oct 2022 00:00:00 +0530 Mon, 07 Nov 2022 09:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429857 The court dismissed the petition seeking to quash the summoning order under Section 138 of the Negotiable Instruments Act. The petitioner's resignation from directorship before the cheque issuance was deemed ineffective as he maintained involvement with the company. The court held the petitioner liable under Sections 138 and 141 of the NI Act, emphasizing that resignation does not absolve a director of liability if they continue to control company affairs. The petitioner's arguments were rejected, and the case was directed to trial without expressing opinions on its merits. Case-Laws Indian Laws Thu, 20 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429857