Court Rules No Vicarious Liability for Joint Signatories u/s 141 of Negotiable Instruments Act in Cheque Dishonor Case.

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....Dishonor of Cheque - signing of cheque jointly - vicarious liability u/s 141 of NI Act - True it is that in the case at hand, cheque in question has been signed by petitioners alongwith the main respondent/accused, but once there is no liability if any of these persons towards complainant, they otherwise cannot be held liable for issuance of cheque, which ultimately came to be dishonoured on account of insufficient funds. - HC....