https://www.taxtmi.com/caselaws?id=766127 SC allowed appeal in dishonour of cheque case involving vicarious liability of non-executive director. Court held that mere designation as director insufficient to establish liability under Section 141 NI Act without specific allegations of active involvement in company affairs. Appellant had resigned before offence occurred, was not signatory to dishonoured cheques, had no financial responsibilities, and was not involved in day-to-day operations. Court found appellant cannot be held vicariously liable as complaints failed to meet mandatory legal requirements. HC judgment set aside. en-us Thu, 13 Feb 2025 00:00:00 +0530 Wed, 19 Feb 2025 08:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766127 SC allowed appeal in dishonour of cheque case involving vicarious liability of non-executive director. Court held that mere designation as director insufficient to establish liability under Section 141 NI Act without specific allegations of active involvement in company affairs. Appellant had resigned before offence occurred, was not signatory to dishonoured cheques, had no financial responsibilities, and was not involved in day-to-day operations. Court found appellant cannot be held vicariously liable as complaints failed to meet mandatory legal requirements. HC judgment set aside. Case-Laws Indian Laws Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766127