https://www.taxtmi.com/highlights?id=75261 Dishonour of Cheque - Liability of a Director - principles of vicarious liability - petitioner had already resigned on 15.03.2014 as Director of the Company and was neither signatory of the cheques, nor Managing Director of the Company - Section 141 of NI Act - The court scrutinized the timing and validity of a clarificatory certificate issued by a Chartered Accountant regarding the petitioner's status as a non-executive director, highlighting its submission subsequent to the initiation of legal proceedings. Ultimately, the court dismissed the petitions, imposing costs on the petitioner. en-us Thu, 29 Feb 2024 07:54:12 +0530 Thu, 29 Feb 2024 07:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75261 Dishonour of Cheque - Liability of a Director - principles of vicarious liability - petitioner had already resigned on 15.03.2014 as Director of the Company and was neither signatory of the cheques, nor Managing Director of the Company - Section 141 of NI Act - The court scrutinized the timing and validity of a clarificatory certificate issued by a Chartered Accountant regarding the petitioner's status as a non-executive director, highlighting its submission subsequent to the initiation of legal proceedings. Ultimately, the court dismissed the petitions, imposing costs on the petitioner. Highlights Indian Laws Thu, 29 Feb 2024 07:54:12 +0530 https://www.taxtmi.com/highlights?id=75261