https://www.taxtmi.com/caselaws?id=754958 Vicarious liability under Section 141 of the Negotiable Instruments Act arises only where the complaint specifically alleges that the accused directors were in charge of and responsible for the company's business, or that the offence occurred with their consent, connivance or negligence. The complaint here stated that the directors were fully responsible for the company's assets, liabilities and daily business affairs, which was sufficient at the summoning stage. Any restriction on their authority could be raised and proved at trial. The summoning order was therefore sustained. en-us Mon, 24 Jun 2024 00:00:00 +0530 Thu, 04 Jul 2024 08:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754958 Vicarious liability under Section 141 of the Negotiable Instruments Act arises only where the complaint specifically alleges that the accused directors were in charge of and responsible for the company's business, or that the offence occurred with their consent, connivance or negligence. The complaint here stated that the directors were fully responsible for the company's assets, liabilities and daily business affairs, which was sufficient at the summoning stage. Any restriction on their authority could be raised and proved at trial. The summoning order was therefore sustained. Case-Laws Indian Laws Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754958