https://www.taxtmi.com/caselaws?id=306042 Specific averments that directors were in charge of and responsible for the company's day-to-day business and financial decisions were held sufficient at the summoning stage under Sections 138 and 141 of the Negotiable Instruments Act, so the challenge by non-executive directors failed. The Court also held that Section 202 CrPC was complied with where cognizance was taken on the complaint and documents, pre-summoning evidence was led by affidavit, and arguments were heard before summons issued; the objection on that ground was rejected. The summoning order was left undisturbed, with only limited exemption from personal appearance granted to one petitioner. en-us Tue, 27 Nov 2012 00:00:00 +0530 Fri, 06 Jan 2023 14:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306042 Specific averments that directors were in charge of and responsible for the company's day-to-day business and financial decisions were held sufficient at the summoning stage under Sections 138 and 141 of the Negotiable Instruments Act, so the challenge by non-executive directors failed. The Court also held that Section 202 CrPC was complied with where cognizance was taken on the complaint and documents, pre-summoning evidence was led by affidavit, and arguments were heard before summons issued; the objection on that ground was rejected. The summoning order was left undisturbed, with only limited exemption from personal appearance granted to one petitioner. Case-Laws Indian Laws Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306042