https://www.taxtmi.com/caselaws?id=308589 Security cheques issued in contractual dealings may still attract Section 138 of the Negotiable Instruments Act if they become enforceable on default; such questions are ordinarily not finally resolved at the quashing stage, and the statutory presumptions under Sections 118(a) and 139 operate for trial. Mere description as a director is insufficient for Section 141 liability unless there is specific material showing that the person was in charge of and responsible for the company's business at the relevant time. On that basis, proceedings continued against the first two petitioners but were quashed for the third petitioner. en-us Tue, 21 May 2013 00:00:00 +0530 Thu, 06 Jul 2023 17:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308589 Security cheques issued in contractual dealings may still attract Section 138 of the Negotiable Instruments Act if they become enforceable on default; such questions are ordinarily not finally resolved at the quashing stage, and the statutory presumptions under Sections 118(a) and 139 operate for trial. Mere description as a director is insufficient for Section 141 liability unless there is specific material showing that the person was in charge of and responsible for the company's business at the relevant time. On that basis, proceedings continued against the first two petitioners but were quashed for the third petitioner. Case-Laws Indian Laws Tue, 21 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308589