https://www.taxtmi.com/caselaws?id=786513 Independent and non-executive directors cannot be subjected to vicarious criminal liability in cheque dishonour matters unless there is specific material showing they were in charge of and responsible for the company's business; on the facts stated, the summoning order and proceedings were quashed against them. By contrast, a Chief Financial Officer, as key managerial personnel linked to financial administration, may have to face trial where the question of knowledge and control over the transaction cannot be resolved at the quashing stage; on the materials noted, the summoning order was upheld against him. The petition therefore succeeded only in part. en-us Mon, 09 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786513 Independent and non-executive directors cannot be subjected to vicarious criminal liability in cheque dishonour matters unless there is specific material showing they were in charge of and responsible for the company's business; on the facts stated, the summoning order and proceedings were quashed against them. By contrast, a Chief Financial Officer, as key managerial personnel linked to financial administration, may have to face trial where the question of knowledge and control over the transaction cannot be resolved at the quashing stage; on the materials noted, the summoning order was upheld against him. The petition therefore succeeded only in part. Case-Laws Indian Laws Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786513