https://www.taxtmi.com/caselaws?id=307614 The court held that the accused could still be prosecuted under Section 138 of the Negotiable Instruments Act even after the winding up of the company. The freezing of accounts due to the accused's actions did not absolve them of criminal liability. Cheques returned with "Accounts Freezed" endorsement did not excuse the accused from ensuring their honor. Despite issues with the service of statutory notices, the court emphasized enforcing personal criminal liability of the accused and dismissed the petitions, citing relevant legal precedents. en-us Fri, 03 Mar 2006 00:00:00 +0530 Tue, 25 Apr 2023 12:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307614 The court held that the accused could still be prosecuted under Section 138 of the Negotiable Instruments Act even after the winding up of the company. The freezing of accounts due to the accused's actions did not absolve them of criminal liability. Cheques returned with "Accounts Freezed" endorsement did not excuse the accused from ensuring their honor. Despite issues with the service of statutory notices, the court emphasized enforcing personal criminal liability of the accused and dismissed the petitions, citing relevant legal precedents. Case-Laws Indian Laws Fri, 03 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307614