https://www.taxtmi.com/highlights?id=84701 The HC upheld the order of the Revisional Court, declining to quash the complaint u/ss 138/141 of the NI Act against the petitioners, who were partners of the accused-firm. While the petitioners could not be held liable for cheques issued by a partner in personal capacity, they were rightly made accused for cheques issued by the partner on behalf of the firm. The HC found no reason to exercise inherent powers u/s 482 of the Code to quash the proceedings. en-us Thu, 09 Jan 2025 07:46:06 +0530 Thu, 09 Jan 2025 07:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84701 The HC upheld the order of the Revisional Court, declining to quash the complaint u/ss 138/141 of the NI Act against the petitioners, who were partners of the accused-firm. While the petitioners could not be held liable for cheques issued by a partner in personal capacity, they were rightly made accused for cheques issued by the partner on behalf of the firm. The HC found no reason to exercise inherent powers u/s 482 of the Code to quash the proceedings. Highlights Indian Laws Thu, 09 Jan 2025 07:46:06 +0530 https://www.taxtmi.com/highlights?id=84701