https://www.taxtmi.com/caselaws?id=757001 Delhi HC ruled on a dishonored cheque case involving partners' liability. The court distinguished partners from company directors, noting that under Partnership Act sections 18, 19, 23, and 25, partners act as agents and are jointly liable for firm's acts. While averments against partners are generally sufficient for liability, the court quashed proceedings against the sleeping partner (Petitioner No. 1) under Section 482 Cr.P.C but allowed the complaint to proceed against the other two active partners, finding them responsible for the firm's day-to-day business conduct. en-us Mon, 05 Aug 2024 00:00:00 +0530 Tue, 13 Aug 2024 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757001 Delhi HC ruled on a dishonored cheque case involving partners' liability. The court distinguished partners from company directors, noting that under Partnership Act sections 18, 19, 23, and 25, partners act as agents and are jointly liable for firm's acts. While averments against partners are generally sufficient for liability, the court quashed proceedings against the sleeping partner (Petitioner No. 1) under Section 482 Cr.P.C but allowed the complaint to proceed against the other two active partners, finding them responsible for the firm's day-to-day business conduct. Case-Laws Indian Laws Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757001