https://www.taxtmi.com/caselaws?id=460507 Former directors who had resigned and whose resignations were accepted before the cheques were issued could not be proceeded against under Section 138 of the Negotiable Instruments Act. The court noted that the later incorrect Form No. 32 entry did not create liability, as filing that form was the company's responsibility and the minute book showed acceptance of the resignations. Since the cheques were issued after the petitioners had ceased to be directors and were no longer in control of the company's affairs, vicarious criminal liability did not attach. The complaints and summoning orders were therefore liable to be quashed under Section 482 CrPC. en-us Tue, 14 Oct 2014 00:00:00 +0530 Wed, 29 Jan 2025 13:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460507 Former directors who had resigned and whose resignations were accepted before the cheques were issued could not be proceeded against under Section 138 of the Negotiable Instruments Act. The court noted that the later incorrect Form No. 32 entry did not create liability, as filing that form was the company's responsibility and the minute book showed acceptance of the resignations. Since the cheques were issued after the petitioners had ceased to be directors and were no longer in control of the company's affairs, vicarious criminal liability did not attach. The complaints and summoning orders were therefore liable to be quashed under Section 482 CrPC. Case-Laws Indian Laws Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460507