Vicarious liability of directors clarified: specific averments required to link a director to company affairs before liability attaches. The Court held that vicarious liability of a director in cheque dishonour cases cannot be invoked by merely reproducing statutory language or alleging ... Summary
Vicarious liability of directors clarified: specific averments required to link a director to company affairs before liability attaches.
The Court held that vicarious liability of a director in cheque dishonour cases cannot be invoked by merely reproducing statutory language or alleging directorship; complaints must contain specific factual averments showing how the director was responsible for or in charge of the company's day to day affairs to link the director to issuance or dishonour of negotiable instruments.
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