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2022 (11) TMI 281 - HC - Indian LawsDishonor of Cheque - vicarious liability of the Director - It is submitted that the petitioner had resigned from the directorship of the accused company prior to the date of the issuance of cheque - offences under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881 - HELD THAT:- The petitioner on behalf of the accused company was allegedly directly responsible for dealing with the respondent/complainant, he executed transaction documents/agreements with the complainant/respondent, the petitioner expressed his continued commitment towards on going funding process of the accused company and assured to be available for discussion and support to the accused company, even after his resignation. The pleas raised by the petitioner in his defence are a matter of trial and the petitioner is at liberty to raise the same before the Ld. Trial Court - There are no merits in the petition - petition dismissed.
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