https://www.taxtmi.com/caselaws?id=764067 Section 141 of the Negotiable Instruments Act requires specific averments that the accused was in charge of and responsible for the conduct of the business at the relevant time, and the complaint here was sufficient because it alleged active participation in the day-to-day affairs of the Hindu undivided family and relied on supporting transaction documents. The Court also held that a Hindu undivided family may fall within the inclusive expression "company" or "association of individuals" for Section 141 purposes when the requisite factual foundation is pleaded. A contrary view of another High Court was treated as persuasive only. The challenge to the process order was rejected. en-us Tue, 19 Nov 2024 00:00:00 +0530 Thu, 02 Jan 2025 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764067 Section 141 of the Negotiable Instruments Act requires specific averments that the accused was in charge of and responsible for the conduct of the business at the relevant time, and the complaint here was sufficient because it alleged active participation in the day-to-day affairs of the Hindu undivided family and relied on supporting transaction documents. The Court also held that a Hindu undivided family may fall within the inclusive expression "company" or "association of individuals" for Section 141 purposes when the requisite factual foundation is pleaded. A contrary view of another High Court was treated as persuasive only. The challenge to the process order was rejected. Case-Laws Indian Laws Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764067