https://www.taxtmi.com/caselaws?id=765186 Delhi HC set aside summoning order against petitioner in dishonour of cheque case. Court held that petitioner, though director in 1998 during initial negotiations, had no averments showing responsibility for day-to-day company affairs in 2017 when cheque was issued. Section 141 N.I. Act requires directors responsible for daily operations at time of offence to be liable. Legal notice was not served on petitioner, who was neither cheque signatory nor director of accused company at relevant time. Only directors managing company's day-to-day affairs during offence period can face criminal liability under Section 141. Guarantor's liability remains civil, not extending to criminal proceedings under Section 138 N.I. Act. en-us Mon, 13 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765186 Delhi HC set aside summoning order against petitioner in dishonour of cheque case. Court held that petitioner, though director in 1998 during initial negotiations, had no averments showing responsibility for day-to-day company affairs in 2017 when cheque was issued. Section 141 N.I. Act requires directors responsible for daily operations at time of offence to be liable. Legal notice was not served on petitioner, who was neither cheque signatory nor director of accused company at relevant time. Only directors managing company's day-to-day affairs during offence period can face criminal liability under Section 141. Guarantor's liability remains civil, not extending to criminal proceedings under Section 138 N.I. Act. Case-Laws Indian Laws Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765186