https://www.taxtmi.com/caselaws?id=307383 The Court held that the Managing Director cannot be prosecuted under Section 138 of the Negotiable Instruments Act without the company also being accused. The judgments of the lower courts were set aside, and the matter was remanded for fresh disposal with the directive to arraign the company as an accused. The accused were given the opportunity to continue the prosecution after complying with this requirement, and the amounts deposited by them would remain in deposit until the cases are disposed of afresh. en-us Mon, 26 Nov 2012 00:00:00 +0530 Mon, 10 Apr 2023 11:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307383 The Court held that the Managing Director cannot be prosecuted under Section 138 of the Negotiable Instruments Act without the company also being accused. The judgments of the lower courts were set aside, and the matter was remanded for fresh disposal with the directive to arraign the company as an accused. The accused were given the opportunity to continue the prosecution after complying with this requirement, and the amounts deposited by them would remain in deposit until the cases are disposed of afresh. Case-Laws Indian Laws Mon, 26 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307383