https://www.taxtmi.com/caselaws?id=773460 Kerala HC quashed prosecution against Managing Director and Authorised Signatory of a Cooperative Society under Section 138 read with Section 141 of NI Act for cheque dishonour. Court held that complaint failed to establish petitioners were in charge of and responsible for Society's business conduct at time of offence, which is primary requirement under Section 141(1). Mere general statements about managing affairs insufficient without specific allegations of charge and responsibility. Prosecution against petitioners deemed prima facie unsustainable and proceedings quashed. en-us Tue, 03 Jun 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773460 Kerala HC quashed prosecution against Managing Director and Authorised Signatory of a Cooperative Society under Section 138 read with Section 141 of NI Act for cheque dishonour. Court held that complaint failed to establish petitioners were in charge of and responsible for Society's business conduct at time of offence, which is primary requirement under Section 141(1). Mere general statements about managing affairs insufficient without specific allegations of charge and responsibility. Prosecution against petitioners deemed prima facie unsustainable and proceedings quashed. Case-Laws Indian Laws Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773460