https://www.taxtmi.com/caselaws?id=774850 The SC held that partners of a partnership firm can be prosecuted individually for cheque dishonour under Section 138 without the firm being named as an accused. Unlike companies with separate legal personality, partnership firms have no legal recognition without partners. The court clarified that Section 141's "company" includes partnership firms, and "director" encompasses partners. Partners face joint and several liability, not vicarious liability. The HC's dismissal of the complaint for not naming the firm as accused was incorrect. Notice to partners constitutes notice to the firm. The impugned HC order was set aside and appeal allowed. en-us Mon, 14 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 14:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774850 The SC held that partners of a partnership firm can be prosecuted individually for cheque dishonour under Section 138 without the firm being named as an accused. Unlike companies with separate legal personality, partnership firms have no legal recognition without partners. The court clarified that Section 141's "company" includes partnership firms, and "director" encompasses partners. Partners face joint and several liability, not vicarious liability. The HC's dismissal of the complaint for not naming the firm as accused was incorrect. Notice to partners constitutes notice to the firm. The impugned HC order was set aside and appeal allowed. Case-Laws Indian Laws Mon, 14 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774850