Managing Directors Liable for Cheque Dishonor if Issued Personally, Affecting Acquittal Orders in Such Cases.

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....Dishonour of Cheque - interference with the order of acquittal of the accused - If the Managing Director or Joint Director of the company takes personal responsibility to discharge the debt or liability which the company owed and issued cheque in his/their capacity, the said person is solely liable as drawer of the cheque - HC....