https://www.taxtmi.com/caselaws?id=459839 Vicarious criminal liability under Section 141 of the Negotiable Instruments Act requires specific averments that an accused was, at the relevant time, in charge of and responsible for the company's business; bare assertions that directors handled day-to-day affairs are insufficient, so the summons against those directors was quashed. By contrast, liability under Sections 138 and 141 can extend to a Chairman who was in office when the statutory notice was served and payment was due, because the offence includes failure to pay within the prescribed period after dishonour; the summoning order against him was upheld. en-us Tue, 29 Mar 2011 00:00:00 +0530 Tue, 31 Dec 2024 14:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459839 Vicarious criminal liability under Section 141 of the Negotiable Instruments Act requires specific averments that an accused was, at the relevant time, in charge of and responsible for the company's business; bare assertions that directors handled day-to-day affairs are insufficient, so the summons against those directors was quashed. By contrast, liability under Sections 138 and 141 can extend to a Chairman who was in office when the statutory notice was served and payment was due, because the offence includes failure to pay within the prescribed period after dishonour; the summoning order against him was upheld. Case-Laws Indian Laws Tue, 29 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459839