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    <title>2023 (5) TMI 1510 - DELHI HIGH COURT</title>
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    <description>Cheque-dishonour proceedings against a former director may lack a prima facie basis where corporate filings record resignation before the cheques were drawn. The DIR-12 on record showed that the director resigned in 2014, whereas the disputed cheques were drawn in 2018. On that basis, notice was issued and proceedings against the former director were stayed pending the next hearing.</description>
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      <description>Cheque-dishonour proceedings against a former director may lack a prima facie basis where corporate filings record resignation before the cheques were drawn. The DIR-12 on record showed that the director resigned in 2014, whereas the disputed cheques were drawn in 2018. On that basis, notice was issued and proceedings against the former director were stayed pending the next hearing.</description>
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