TMI BlogDishonor of Cheque - insufficiency of funds - vicarious liability of Managing Director - Considering the...Dishonor of Cheque - insufficiency of funds - vicarious liability of Managing Director - Considering the citation and as no specific averments were made by the 1st respondent as to how and in what manner the petitioner was responsible for the affairs of the company and the role played by him in cheating the complainant, and as there are no specific averments that the petitioner had induced or made the 1st respondent to part with the said money with an intention to cheat him from the inception, it is considered fit to quash the proceedings against the petitioner - A3. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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