Dishonour of Cheque - vicarious liability of the non-executive ...

Court Rules Non-Executive Directors Not Liable for Cheque Dishonor u/s 141 of Negotiable Instruments Act.

September 30, 2023

Case Laws Indian Laws HC

Dishonour of Cheque - vicarious liability of the non-executive director - This Court is convinced that the complaint does not satisfy the requirements u/s.141 of the Negotiable Instruments Act and the petitioners, being non-executive directors, cannot be roped in as accused persons without there being a specific plea as to how and in what manner they were in charge and responsible for the conduct of the business of the company. - HC

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Dishonour of Cheque - vicarious liability of the non-executive ...

Court Rules Non-Executive Directors Not Liable for Cheque Dishonor u/s 141 of Negotiable Instruments Act.

September 30, 2023

Case Laws Indian Laws HC

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