Dishonour of Cheque - vicarious liability of the director - The ...

Indian Laws

February 16, 2024

Dishonour of Cheque - vicarious liability of the director - The Court found that, the resignation of the directors, as recorded in Form 32, indicates their disassociation from the company's affairs before the issuance of the cheques in question. - The appellants cannot be held liable for the dishonored cheques issued after their resignation.

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Dishonour of Cheque - vicarious liability of the director - The ...

Indian Laws

February 16, 2024

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