https://www.taxtmi.com/caselaws?id=460507 Punjab and Haryana HC held that former directors who resigned on 10.10.2011 with resignations accepted by board resolution on 18.11.2011 cannot be held liable under Section 138 of Negotiable Instruments Act for cheques issued by company on 21.06.2012. Court ruled that since petitioners were not directors at time of cheque issuance, they cannot be held responsible for dishonoured cheques. Minor clerical error by company secretary in recording meeting date did not invalidate resignation acceptance. Petition allowed. en-us Tue, 14 Oct 2014 00:00:00 +0530 Wed, 29 Jan 2025 13:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460507 Punjab and Haryana HC held that former directors who resigned on 10.10.2011 with resignations accepted by board resolution on 18.11.2011 cannot be held liable under Section 138 of Negotiable Instruments Act for cheques issued by company on 21.06.2012. Court ruled that since petitioners were not directors at time of cheque issuance, they cannot be held responsible for dishonoured cheques. Minor clerical error by company secretary in recording meeting date did not invalidate resignation acceptance. Petition allowed. Case-Laws Indian Laws Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460507