https://www.taxtmi.com/caselaws?id=307364 The High Court set aside the conviction and sentence of the revision petitioner, holding that prosecution under Section 138 of the Negotiable Instruments Act, 1881, was not sustainable without the firm being arrayed as an accused. The court acquitted the revision petitioner of the offence, canceled his bail bond, and directed his release. The judgment stressed the importance of prosecuting the principal entity (the firm) before holding individuals vicariously liable under the Act. en-us Mon, 14 Jun 2021 00:00:00 +0530 Fri, 07 Apr 2023 21:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307364 The High Court set aside the conviction and sentence of the revision petitioner, holding that prosecution under Section 138 of the Negotiable Instruments Act, 1881, was not sustainable without the firm being arrayed as an accused. The court acquitted the revision petitioner of the offence, canceled his bail bond, and directed his release. The judgment stressed the importance of prosecuting the principal entity (the firm) before holding individuals vicariously liable under the Act. Case-Laws Indian Laws Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307364