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

Court Rules No Vicarious Liability for Independent Director Without Specific Evidence in Cheque Dishonor Case.

December 23, 2022

Case Laws Indian Laws HC

Dishonor of Cheque - vicarious liability of the 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 him - HC

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

Court Rules No Vicarious Liability for Independent Director Without Specific Evidence in Cheque Dishonor Case.

December 23, 2022

Case Laws Indian Laws HC

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