https://www.taxtmi.com/caselaws?id=304998 The court quashed the proceedings against the petitioner, a former director of a company, in a case involving a complaint under Section 138 of the Negotiable Instruments Act. The court found insufficient specific averments to establish the petitioner's liability under Section 141, emphasizing that mere directorship does not automatically lead to liability. The judgment stressed the importance of conclusive proof of liability and directed the trial court to expedite the trial within four months. The decision highlighted the necessity of meeting legal requirements in cases concerning directorial liability under the Act. en-us Thu, 24 Sep 2020 00:00:00 +0530 Thu, 10 Nov 2022 09:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304998 The court quashed the proceedings against the petitioner, a former director of a company, in a case involving a complaint under Section 138 of the Negotiable Instruments Act. The court found insufficient specific averments to establish the petitioner's liability under Section 141, emphasizing that mere directorship does not automatically lead to liability. The judgment stressed the importance of conclusive proof of liability and directed the trial court to expedite the trial within four months. The decision highlighted the necessity of meeting legal requirements in cases concerning directorial liability under the Act. Case-Laws Indian Laws Thu, 24 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304998