https://www.taxtmi.com/caselaws?id=765367 A director who had resigned before the cheque was issued could not be proceeded against under sections 138 and 141 of the Negotiable Instruments Act where the complaint contained no specific averments showing that he was in charge of and responsible for the company's business at the relevant time. The resignation letter and DIR-12 established cessation from the company before the alleged offence, and later uploading of DIR-12 or internal acceptance could not create vicarious liability for a post-resignation act. A bare recital of statutory language was insufficient, so the complaint and criminal proceeding were quashed as against the petitioner. en-us Mon, 27 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765367 A director who had resigned before the cheque was issued could not be proceeded against under sections 138 and 141 of the Negotiable Instruments Act where the complaint contained no specific averments showing that he was in charge of and responsible for the company's business at the relevant time. The resignation letter and DIR-12 established cessation from the company before the alleged offence, and later uploading of DIR-12 or internal acceptance could not create vicarious liability for a post-resignation act. A bare recital of statutory language was insufficient, so the complaint and criminal proceeding were quashed as against the petitioner. Case-Laws Indian Laws Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765367