https://www.taxtmi.com/caselaws?id=770292 Delhi HC held that a director who resigned before cheque issuance cannot be held vicariously liable under Section 141 N.I. Act. The petitioner resigned as director on 14.05.2015, while the dishonoured cheques were dated 04.10.2016 and 20.12.2016. The petitioner was neither signatory to the cheques nor promissory note. Following Supreme Court precedent in Adhiraj Singh case, the court ruled that once a director resigns and is no longer connected with the company, they cannot be held responsible for company affairs under Section 141. Petition allowed. en-us Fri, 02 May 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770292 Delhi HC held that a director who resigned before cheque issuance cannot be held vicariously liable under Section 141 N.I. Act. The petitioner resigned as director on 14.05.2015, while the dishonoured cheques were dated 04.10.2016 and 20.12.2016. The petitioner was neither signatory to the cheques nor promissory note. Following Supreme Court precedent in Adhiraj Singh case, the court ruled that once a director resigns and is no longer connected with the company, they cannot be held responsible for company affairs under Section 141. Petition allowed. Case-Laws Indian Laws Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770292