https://www.taxtmi.com/caselaws?id=307719 A complaint under the Negotiable Instruments Act was held time-barred where the drawer had already received an earlier valid demand notice, because limitation runs from expiry of fifteen days after receipt of that first notice and a later notice cannot revive or extend the cause of action. The Court also found the pleadings against the directors insufficient, since liability under Section 141 requires specific averments that they were in charge of and responsible for the company's business at the relevant time; mere description as a director was not enough. The criminal proceeding was therefore quashed in full. en-us Tue, 16 Sep 2003 00:00:00 +0530 Tue, 02 May 2023 17:34:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307719 A complaint under the Negotiable Instruments Act was held time-barred where the drawer had already received an earlier valid demand notice, because limitation runs from expiry of fifteen days after receipt of that first notice and a later notice cannot revive or extend the cause of action. The Court also found the pleadings against the directors insufficient, since liability under Section 141 requires specific averments that they were in charge of and responsible for the company's business at the relevant time; mere description as a director was not enough. The criminal proceeding was therefore quashed in full. Case-Laws Indian Laws Tue, 16 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307719