<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>2025 (3) TMI 255 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=766870</link>
    <description>Vicarious liability under Section 141 of the Negotiable Instruments Act is penal and must be strictly pleaded and proved. A director cannot be proceeded against merely because of office, and the complaint must clearly aver that the accused was in charge of and responsible for the company&#039;s business at the time of the offence. Where the accused were non-executive directors, had not signed the dishonoured cheques, and the record showed no role in financial or operational control, the statutory requirements were not met and the criminal proceedings were liable to be quashed.</description>
    <language>en-us</language>
    <pubDate>Tue, 04 Mar 2025 00:00:00 +0530</pubDate>
    <lastBuildDate>Wed, 08 Apr 2026 10:01:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=804320" rel="self" type="application/rss+xml"/>
    <item>
      <title>2025 (3) TMI 255 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=766870</link>
      <description>Vicarious liability under Section 141 of the Negotiable Instruments Act is penal and must be strictly pleaded and proved. A director cannot be proceeded against merely because of office, and the complaint must clearly aver that the accused was in charge of and responsible for the company&#039;s business at the time of the offence. Where the accused were non-executive directors, had not signed the dishonoured cheques, and the record showed no role in financial or operational control, the statutory requirements were not met and the criminal proceedings were liable to be quashed.</description>
      <category>Case-Laws</category>
      <law>Indian Laws</law>
      <pubDate>Tue, 04 Mar 2025 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=766870</guid>
    </item>
  </channel>
</rss>