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2016 (10) TMI 435 - BOMBAY HIGH COURTCriminal liability on the Directors - Held that:- Vicarious criminal liability on the Directors could only be fastened if they were in-charge and responsible for the conduct of the business of the company. As noted above in the complaint filed, the averments that the three petitioners herein were the Director, In-charge and responsible for the day-to-day affairs and conduct of the business of Webtech has clearly been made. Considering the fact that the averments in the complaint are within the four corners of the principle laid down by the Supreme Court in the decision of National Small Industries (2010 (2) TMI 590 - SUPREME COURT OF INDIA ) and it is not shown that the petitioners were not Directors at the time when the offence was committed, find no reason to quash the order summoning the petitioners.
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