High Court ruling highlights distinction between executive and non-executive directors in cheque dishonor cases. Misstep in vicarious liability.

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....Dishonor of Cheque - vicarious liability - rebuttal of presumption - non-Executive Independent Directors - What the High Court overlooked was, the contention of these Appellants that they were non-Executive Independent Directors of the Accused Company, based on unimpeachable materials on record. - there could be no justification for not dispensing with the personal appearance of the Appellants, when the Company had entered appearance through an authorized officer. - SC....