https://www.taxtmi.com/caselaws?id=314463 Vicarious liability under the Negotiable Instruments Act attaches only if, when the offence is committed, the person was in charge of and responsible for the company's business. Mere signature on the cheque is not enough to establish criminal liability. On the facts, the petitioner had retired more than nine months before the cheques were presented and dishonoured, so he was no longer in control of the company's affairs at the relevant time. The deeming provision for company liability was therefore held not to apply prima facie, and the proceedings against him were stayed. en-us Fri, 02 Dec 2022 00:00:00 +0530 Wed, 12 Jun 2024 19:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314463 Vicarious liability under the Negotiable Instruments Act attaches only if, when the offence is committed, the person was in charge of and responsible for the company's business. Mere signature on the cheque is not enough to establish criminal liability. On the facts, the petitioner had retired more than nine months before the cheques were presented and dishonoured, so he was no longer in control of the company's affairs at the relevant time. The deeming provision for company liability was therefore held not to apply prima facie, and the proceedings against him were stayed. Case-Laws Indian Laws Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314463