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2021 (9) TMI 1373 - HC - Indian LawsMaintainability of petition - party to the proceedings or not - Company which ran the chit fund - vicarious liability of directors - section 141 of Negotiable Instruments Act - HELD THAT:- The issue with regard to whether the proceedings could be initiated against the petitioner alone who is an employee of the Company and not the Company, is no longer res integra, as the issue stands covered by the judgment of the Apex Court in the case of ANEETA HADA VERSUS GODFATHER TRAVELS & TOURS (P.) LTD. [2012 (5) TMI 83 - SUPREME COURT] where it was held that the proceedings without making the Company a party was not maintainable. The complaint itself was not maintainable without the corporate entity being made as a party but having brought only the Board of Directors or the officers of the Company as accused. Criminal Petitions are allowed.
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