TMI BlogDishonor of Cheque - Where the proceedings under Section 138 of the Act had already commenced and during...Dishonor of Cheque - Where the proceedings under Section 138 of the Act had already commenced and during the pendency, the company gets dissolved, the directors and the other accused cannot escape by citing its dissolution. - Where the company continues to remain even at the end of the resolution process, the only consequence is that the erstwhile directors can no longer represent it. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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