https://www.taxtmi.com/highlights?id=84488 The HC held that the non-prosecution of the company from whose account the dishonored cheque was issued is a fatal, non-curable illegality, leading to dismissal of the complaint u/s 138 of the NI Act. The prosecution requires the company to be named as an accused, and directors/officers can only be held vicariously liable if the company is prosecuted. Consequently, the petition was allowed. en-us Thu, 02 Jan 2025 08:13:28 +0530 Thu, 02 Jan 2025 08:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84488 The HC held that the non-prosecution of the company from whose account the dishonored cheque was issued is a fatal, non-curable illegality, leading to dismissal of the complaint u/s 138 of the NI Act. The prosecution requires the company to be named as an accused, and directors/officers can only be held vicariously liable if the company is prosecuted. Consequently, the petition was allowed. Highlights Indian Laws Thu, 02 Jan 2025 08:13:28 +0530 https://www.taxtmi.com/highlights?id=84488