Directors Not Liable for Cheque Bounce Without Evidence of Control or Signature, High Court Likely to Quash Case.

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Full Text of the Document

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....Dishonor of Cheque - vicarious liability of the Directors for having committed the offence under Section 138 of the N.I.Act - There is no allegation in the entire complaint that the present petitioners were either incharge of the Administration/Business of the company or that they are signatories to the cheque in question. - The complaint insofar as the present petitioners is liable to be quashed - HC....