https://www.taxtmi.com/highlights?id=88468 HC allowed the petitions, quashing proceedings under Section 138 read with Section 141 of the Negotiable Instruments Act. The court held that mere association with the accused company through minimal shareholding (0.3%) does not automatically establish vicarious criminal liability. To attract liability under Section 141, petitioners must be conclusively proven to be in charge of and responsible for the accused company's business conduct at the time of the offense. Petitioners were neither signatories to the cheques nor responsible for the company's affairs, thus exempting them from criminal culpability. en-us Sat, 17 May 2025 08:39:12 +0530 Sat, 17 May 2025 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88468 HC allowed the petitions, quashing proceedings under Section 138 read with Section 141 of the Negotiable Instruments Act. The court held that mere association with the accused company through minimal shareholding (0.3%) does not automatically establish vicarious criminal liability. To attract liability under Section 141, petitioners must be conclusively proven to be in charge of and responsible for the accused company's business conduct at the time of the offense. Petitioners were neither signatories to the cheques nor responsible for the company's affairs, thus exempting them from criminal culpability. Highlights Indian Laws Sat, 17 May 2025 08:39:12 +0530 https://www.taxtmi.com/highlights?id=88468