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Indian Laws - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Dishonour of Cheque - Vicarious liability of director - The ...

Indian Laws

November 29, 2023

Dishonour of Cheque - Vicarious liability of director - The cheque is for the discharge of the loan advanced to the company for its business purpose. The petitioner had stood guarantee for the loan advanced. She cannot deny knowledge of the borrowing or issuance of cheque just because she is not the signatory of the subject cheque. - HC

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