https://www.taxtmi.com/caselaws?id=310376 The Court quashed the proceedings against the Petitioner, a former Director of M/s. Caritt Moran and Co. Pvt. Ltd., under sections 138/141 of the Negotiable Instruments Act, due to lack of specific allegations regarding his role in the issuance of dishonored cheques. The Court emphasized that mere directorship does not establish liability without clear averments of involvement, as supported by legal precedents. The prosecution was deemed an abuse of process, and the cases will continue against the remaining accused. All related revisional and interim applications were disposed of. en-us Thu, 31 Mar 2011 00:00:00 +0530 Fri, 20 Oct 2023 18:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310376 The Court quashed the proceedings against the Petitioner, a former Director of M/s. Caritt Moran and Co. Pvt. Ltd., under sections 138/141 of the Negotiable Instruments Act, due to lack of specific allegations regarding his role in the issuance of dishonored cheques. The Court emphasized that mere directorship does not establish liability without clear averments of involvement, as supported by legal precedents. The prosecution was deemed an abuse of process, and the cases will continue against the remaining accused. All related revisional and interim applications were disposed of. Case-Laws Indian Laws Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310376