https://www.taxtmi.com/caselaws?id=451059 A director cannot be fastened with vicarious liability under Section 141 of the Negotiable Instruments Act, 1881 unless the complaint specifically pleads that the person was in charge of and responsible for the company's business at the relevant time. Unimpeachable, uncontroverted material showing that the accused had resigned as a non-executive additional director before dishonour of the cheques negatived liability at the threshold. The complaint's general assertions about management were insufficient, and continuation of the prosecution was held to be an abuse of process warranting quashing. en-us Tue, 05 Mar 2024 00:00:00 +0530 Wed, 20 Mar 2024 09:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451059 A director cannot be fastened with vicarious liability under Section 141 of the Negotiable Instruments Act, 1881 unless the complaint specifically pleads that the person was in charge of and responsible for the company's business at the relevant time. Unimpeachable, uncontroverted material showing that the accused had resigned as a non-executive additional director before dishonour of the cheques negatived liability at the threshold. The complaint's general assertions about management were insufficient, and continuation of the prosecution was held to be an abuse of process warranting quashing. Case-Laws Indian Laws Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451059