https://www.taxtmi.com/caselaws?id=766869 The SC of India allowed the appeals, setting aside the orders against the appellant, accused no.3, in complaints under Section 138 of the Negotiable Instruments Act, 1881. The Court found that the appellant could not be held liable under Section 138 as he was not a signatory to the cheque and did not meet the criteria for vicarious liability under Section 141(1), which requires being in charge of and responsible for the company's business at the time of the offense. The decision did not address the merits of the complaints, leaving them for the Trial Court. en-us Wed, 29 Jan 2025 00:00:00 +0530 Wed, 08 Apr 2026 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766869 The SC of India allowed the appeals, setting aside the orders against the appellant, accused no.3, in complaints under Section 138 of the Negotiable Instruments Act, 1881. The Court found that the appellant could not be held liable under Section 138 as he was not a signatory to the cheque and did not meet the criteria for vicarious liability under Section 141(1), which requires being in charge of and responsible for the company's business at the time of the offense. The decision did not address the merits of the complaints, leaving them for the Trial Court. Case-Laws Indian Laws Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766869