Dishonor of Cheque - vicarious liability of an independent ...

Independent Directors Not Liable for Cheque Dishonor Without Specific Allegations Detailing Their Role in Company Affairs.

November 5, 2022

Case Laws Indian Laws HC

Dishonor of Cheque - vicarious liability of an independent director - In absence of any specific averments or allegations carving out a specific role attributable to petitioner in relation to conduct of business of accused company, merely making bald statements that all the accused persons/directors were incharge and responsible for the day to day affairs of the company, does not suffice to make the petitioner herein vicariously liable for dishonouring of the cheques not signed by her and there being material on record to show that she was an independent director in the company.- HC

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Dishonor of Cheque - vicarious liability of an independent ...

Independent Directors Not Liable for Cheque Dishonor Without Specific Allegations Detailing Their Role in Company Affairs.

November 5, 2022

Case Laws Indian Laws HC

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