https://www.taxtmi.com/highlights?id=71122 Dishonour of Cheque - existence of legally enforceable debt or liability - vicarious liability of nominee and non-executive directors - The contention does not cut much ice as perusal of Form No. MGT-7 nowhere shows that the petitioners were non-executive directors and E-Form DIR 12 also reveals that there was no change in directors in 2021 as well as in 2022 and the petitioners were only nominee directors of SMPL - Petition dismissed - HC en-us Thu, 27 Jul 2023 09:33:29 +0530 Thu, 27 Jul 2023 09:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71122 Dishonour of Cheque - existence of legally enforceable debt or liability - vicarious liability of nominee and non-executive directors - The contention does not cut much ice as perusal of Form No. MGT-7 nowhere shows that the petitioners were non-executive directors and E-Form DIR 12 also reveals that there was no change in directors in 2021 as well as in 2022 and the petitioners were only nominee directors of SMPL - Petition dismissed - HC Highlights Indian Laws Thu, 27 Jul 2023 09:33:29 +0530 https://www.taxtmi.com/highlights?id=71122