https://www.taxtmi.com/caselaws?id=456734 Kerala HC allowed an application challenging a dishonoured cheque case under NI Act. The court held that when a company is the drawer, the company must be arraigned as first accused represented by its Managing Director, and demand notice must be issued to the company through its authorized representative. The complaint failed to make the company an accused, improperly showed the Managing Director as first accused instead of the company, and lacked necessary pleadings about accused persons' involvement in company affairs. The court found the complaint non-maintainable for non-compliance with Section 141 NI Act's mandatory requirements and quashed the proceedings. en-us Mon, 04 Apr 2022 00:00:00 +0530 Sat, 10 Aug 2024 18:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456734 Kerala HC allowed an application challenging a dishonoured cheque case under NI Act. The court held that when a company is the drawer, the company must be arraigned as first accused represented by its Managing Director, and demand notice must be issued to the company through its authorized representative. The complaint failed to make the company an accused, improperly showed the Managing Director as first accused instead of the company, and lacked necessary pleadings about accused persons' involvement in company affairs. The court found the complaint non-maintainable for non-compliance with Section 141 NI Act's mandatory requirements and quashed the proceedings. Case-Laws Indian Laws Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456734