https://www.taxtmi.com/caselaws?id=770847 Quashing at the pre-trial stage was justified where unimpeachable material showed the petitioners were not connected with the issuance of the cheques or the day-to-day conduct of the company's business, making interference under Section 482 CrPC exceptional but appropriate on the facts. Vicarious liability under Section 141 of the Negotiable Instruments Act could not be fastened merely because the petitioners were directors or shareholders of another company with a past nominal shareholding in the accused company; the complaint lacked specific averments that they were in charge of and responsible for the conduct of its business. The cheque dishonour proceedings against them were therefore set aside. en-us Thu, 08 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770847 Quashing at the pre-trial stage was justified where unimpeachable material showed the petitioners were not connected with the issuance of the cheques or the day-to-day conduct of the company's business, making interference under Section 482 CrPC exceptional but appropriate on the facts. Vicarious liability under Section 141 of the Negotiable Instruments Act could not be fastened merely because the petitioners were directors or shareholders of another company with a past nominal shareholding in the accused company; the complaint lacked specific averments that they were in charge of and responsible for the conduct of its business. The cheque dishonour proceedings against them were therefore set aside. Case-Laws Indian Laws Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770847