Individuals in Charge of Partnership Face Prosecution for Dishonored Cheques u/s 141 of Negotiable Instruments Act.

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Full Text of the Document

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....Dishonor of Cheque - It is not in dispute that the disputed cheques have been issued by the partnership firm and as per the provision contained in Section 141 of the NI Act, every person who, at the time the offence was committed, was in charge of and was responsible to the firm for the conduct of the business of the firm, shall be deemed to be guilty of the offence and shall be liable to be proceeded against under the provision of Section 138 of the NI Act. - HC....