Petitioners Face Trial Over Dishonored Cheque; Claim It Was Security for Pending Certification, Challenge Vicarious Liability of Director.

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....Dishonor of Cheque - vicarious liability of Director - The petitioners admit that the cheque was drawn by them and handed over to the respondent-complainant. However, they contend that the cheques were issued only as security for the balance amount, which is liable to pay after certification. If that is so, the petitioners ought not to have given those cheques with specific dates and amounts without certification. After presentation of the cheques and institution of the complaint - the petitioners herein are liable to face the trial and prove their innocence - HC....