https://www.taxtmi.com/caselaws?id=765367 The HC allowed the petitioner's application to quash criminal proceedings under Section 138/141 of the Negotiable Instruments Act. The petitioner had resigned as director before the cheque was issued, with resignation taking effect from the date the company received the notice. The court held that resignation is unilateral and effective regardless of whether the company formally accepts it or the director files Form 32 with the Registrar of Companies. Since the complaint lacked specific allegations against the petitioner and he had no liability after resignation, continuing the proceedings would constitute abuse of process. en-us Mon, 27 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765367 The HC allowed the petitioner's application to quash criminal proceedings under Section 138/141 of the Negotiable Instruments Act. The petitioner had resigned as director before the cheque was issued, with resignation taking effect from the date the company received the notice. The court held that resignation is unilateral and effective regardless of whether the company formally accepts it or the director files Form 32 with the Registrar of Companies. Since the complaint lacked specific allegations against the petitioner and he had no liability after resignation, continuing the proceedings would constitute abuse of process. Case-Laws Indian Laws Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765367