High Court Quashes Criminal Proceedings: Petitioners Not Liable for Cheque Dishonor, Not Directors or Signatories at Issue Time.

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....Dishonour of Cheque - vicarious liability of Director - The petitioners were not directors of the company on the date when the cheques were issued. It is not the case of the opposite party No. 2/complainant that they were the signatories of the cheques. - The criminal proceedings against the present petitioners quashed - HC....