Bombay High Court Quashes Process Against Directors in Cheque Dishonour Case — Lack of Specific Allegations of Role in Day-to-Day Affairs. Directors Cannot Be Vicariously Liable Under Section 141 of Negotiable Instruments Act, 1881 Without Averments of Their Involvement in Company's Business.
5 Sep 2014The petitioners, including a company and its directors, challenged the order issuing process under Section 138 read with Section 141 of the Negotiable...




