Dishonor of Cheque - Vicarious liability of Director - The ...

High Court Clears Suspended Director from Liability in Cheque Bounce Case; Primary Responsibility Lies with Drawer Company.

November 27, 2020

Case Laws Indian Laws HC

Dishonor of Cheque - Vicarious liability of Director - The primary liability in a cheque bounce case where cheque has been issued on behalf of the company is upon the drawer-Company. Though the accounts of the drawer company herein are under the control of a Resolution Professional but sword of liability qua cheque issued on behalf of company has been vicariously imposed on the suspended director/petitioner. - The impugned complaint and summoning order are set aside only qua the petitioner/director - HC

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Dishonor of Cheque - Vicarious liability of Director - The ...

High Court Clears Suspended Director from Liability in Cheque Bounce Case; Primary Responsibility Lies with Drawer Company.

November 27, 2020

Case Laws Indian Laws HC

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