Cheque Dishonor: Directors' Vicarious Liability u/s 138 & 141 Requires Clear Complaint on Business Responsibility.

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Full Text of the Document

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....Dishonor of Cheque - section 138 read with section 141 of the Act - vicarious liability on director/partner - The very sine qua non for issuance of process is that the complaint, holistically read and understood, must aver that the directors or partners who are arrayed as accused were responsible to the company or firm for the conduct of the business.....