https://www.taxtmi.com/caselaws?id=770292 A director who had resigned before the cheque dates could not be fastened with vicarious liability under Section 141 of the Negotiable Instruments Act, 1881, where the complaint lacked specific averments showing that he was in charge of and responsible for the company's business at the relevant time. The resignation was supported by the resignation letter and Form DIR-11, the cheques were issued after resignation, and he was not a signatory to either the cheques or the promissory note. General assertions about directors being in charge were insufficient, so the complaint and consequential proceedings were liable to be quashed against him. en-us Fri, 02 May 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770292 A director who had resigned before the cheque dates could not be fastened with vicarious liability under Section 141 of the Negotiable Instruments Act, 1881, where the complaint lacked specific averments showing that he was in charge of and responsible for the company's business at the relevant time. The resignation was supported by the resignation letter and Form DIR-11, the cheques were issued after resignation, and he was not a signatory to either the cheques or the promissory note. General assertions about directors being in charge were insufficient, so the complaint and consequential proceedings were liable to be quashed against him. Case-Laws Indian Laws Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770292