https://www.taxtmi.com/caselaws?id=761209 Delhi HC set aside summoning orders against petitioners in dishonored cheque cases under Section 138 NI Act. Court held that petitioner who was not signatory to cheques issued by another individual cannot be held liable under vicarious liability provisions. The cheques were signed by a third party in individual capacity without connection to petitioners' business. While respondent's claim that cheques were issued on petitioners' behalf may warrant civil suit, it cannot sustain criminal complaint under Section 138. Summoning orders against petitioners quashed but proceedings continued against actual signatory. en-us Mon, 28 Oct 2024 00:00:00 +0530 Thu, 07 Nov 2024 08:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761209 Delhi HC set aside summoning orders against petitioners in dishonored cheque cases under Section 138 NI Act. Court held that petitioner who was not signatory to cheques issued by another individual cannot be held liable under vicarious liability provisions. The cheques were signed by a third party in individual capacity without connection to petitioners' business. While respondent's claim that cheques were issued on petitioners' behalf may warrant civil suit, it cannot sustain criminal complaint under Section 138. Summoning orders against petitioners quashed but proceedings continued against actual signatory. Case-Laws Indian Laws Mon, 28 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761209