https://www.taxtmi.com/caselaws?id=771471 SC set aside HC judgment that quashed criminal proceedings under Section 138 of Negotiable Instruments Act against director. HC had ruled complaint lacked sufficient averments to establish vicarious liability under Section 141. SC held that complaint's averments stating director was responsible for day-to-day affairs, management and working of company satisfied Section 141(1) requirements. Court emphasized no obligation exists for complainant to plead specific roles within company's special knowledge. Criminal proceedings against director restored to Metropolitan Magistrate for continuation in accordance with law. en-us Thu, 22 May 2025 00:00:00 +0530 Tue, 27 May 2025 08:32:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771471 SC set aside HC judgment that quashed criminal proceedings under Section 138 of Negotiable Instruments Act against director. HC had ruled complaint lacked sufficient averments to establish vicarious liability under Section 141. SC held that complaint's averments stating director was responsible for day-to-day affairs, management and working of company satisfied Section 141(1) requirements. Court emphasized no obligation exists for complainant to plead specific roles within company's special knowledge. Criminal proceedings against director restored to Metropolitan Magistrate for continuation in accordance with law. Case-Laws Indian Laws Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771471