Court Explores Vicarious Liability of Company Executives in Cheque Dishonor Case; Accountability of "Karta Dharta" Examined.

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Full Text of the Document

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....Dishonor of cheque due to insufficiency of funds - "Karta Dharta" of the company - Vicarious Liability there is no reason to disbelieve the basic averment to the effect that the persons who have been arrayed as accused, are responsible/ in charge of the day-to-day business of the Company.....