High Court of Bombay Allows Discharge of Accused Director in Cheque Dishonour Case — Resignation Prior to Cheque Issuance Absolves Liability Under Section 138 of Negotiable Instruments Act, 1881. The court held that a director who resigned before the cheques were issued cannot be held vicariously liable under Section 141 of the Negotiable Instruments Act, 1881.
23 Aug 2019The applicant, Ramesh Pahulraj Makhija, was original accused No.6 in Criminal Complaint No.538 of 2003 filed by Respondent No.2 under Section 138 of t...




