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    <title>2012 (9) TMI 1230 - DELHI HIGH COURT</title>
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    <description>Vicarious liability under Section 141 of the Negotiable Instruments Act cannot be fastened on a person who is merely authorised to operate the bank account of a sole proprietorship concern. A sole proprietorship has no separate legal existence from its proprietor, and the debt liability remains with the proprietor, not with a non-proprietor signatory or account operator. Because the mandate only authorised cheque operation and there was no proof that the accused was the proprietor or otherwise personally liable, the refusal to grant leave to appeal against acquittal was upheld and the acquittal remained undisturbed.</description>
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    <pubDate>Fri, 14 Sep 2012 00:00:00 +0530</pubDate>
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      <title>2012 (9) TMI 1230 - DELHI HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=305460</link>
      <description>Vicarious liability under Section 141 of the Negotiable Instruments Act cannot be fastened on a person who is merely authorised to operate the bank account of a sole proprietorship concern. A sole proprietorship has no separate legal existence from its proprietor, and the debt liability remains with the proprietor, not with a non-proprietor signatory or account operator. Because the mandate only authorised cheque operation and there was no proof that the accused was the proprietor or otherwise personally liable, the refusal to grant leave to appeal against acquittal was upheld and the acquittal remained undisturbed.</description>
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      <pubDate>Fri, 14 Sep 2012 00:00:00 +0530</pubDate>
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