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2022 (8) TMI 1330 - HC - Indian LawsDishonor of Cheque - insufficiency of funds - vicarious liability of the director - it is the case of petitioner that they were not functional directors at the time of issuance of cheque - HELD THAT:- It is apparent that when the complaint was filed, the petitioner was not the Director of the accused no. 1 as named in the original complaint and he had already resigned on 23.07.2011. Petition allowed.
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