https://www.taxtmi.com/caselaws?id=461920 A director who had resigned before the cheques were issued could not be fastened with vicarious liability under Section 141 of the Negotiable Instruments Act for an offence under Section 138, because the resignation was undisputed, was acknowledged before issuance, and no material connected him with the company's affairs on the relevant date. The cheques were issued and signed by another authorised person after he had ceased to be a director, so the complaint against him could not be sustained and was liable to be quashed. The cited precedent was distinguished on the facts, as it involved disputed resignation and cheque dates. en-us Mon, 02 Dec 2024 00:00:00 +0530 Thu, 08 May 2025 17:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461920 A director who had resigned before the cheques were issued could not be fastened with vicarious liability under Section 141 of the Negotiable Instruments Act for an offence under Section 138, because the resignation was undisputed, was acknowledged before issuance, and no material connected him with the company's affairs on the relevant date. The cheques were issued and signed by another authorised person after he had ceased to be a director, so the complaint against him could not be sustained and was liable to be quashed. The cited precedent was distinguished on the facts, as it involved disputed resignation and cheque dates. Case-Laws Indian Laws Mon, 02 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461920