https://www.taxtmi.com/caselaws?id=785923 In a prosecution under Section 138 read with Section 141 of the Negotiable Instruments Act, company records showing Sandhya Gupta as a director, cheque signatory and co-signatory to the balance sheets were sufficient at the summoning stage to sustain proceedings against her; her claim of being only a sleeping director was a matter for trial. By contrast, Abhishek Gupta's resignation was corroborated by Form-32 and board minutes, and as the cheques were issued after that resignation, he could not be fastened with liability for the later transaction. en-us Fri, 30 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785923 In a prosecution under Section 138 read with Section 141 of the Negotiable Instruments Act, company records showing Sandhya Gupta as a director, cheque signatory and co-signatory to the balance sheets were sufficient at the summoning stage to sustain proceedings against her; her claim of being only a sleeping director was a matter for trial. By contrast, Abhishek Gupta's resignation was corroborated by Form-32 and board minutes, and as the cheques were issued after that resignation, he could not be fastened with liability for the later transaction. Case-Laws Indian Laws Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785923