High Court of Karnataka Quashes Summons Against Directors in Cheque Bounce Case Due to Lack of Specific Allegations. Vicarious liability under Section 138 of Negotiable Instruments Act, 1881 cannot be imposed without averring that the director was in charge of and responsible for the conduct of the business.
25 Apr 2014The respondent/complainant filed a private complaint under Section 138 of the Negotiable Instruments Act, 1881 read with Section 420 of the Indian Pen...




