Bombay High Court Quashes Criminal Proceedings Against MSEB Officials in Cheque Dishonour Case — No Vicarious Liability Without Specific Allegation of Role in Company Affairs. Court held that directors/officers of a company cannot be prosecuted under Section 138 of the Negotiable Instruments Act, 1881, without specific averments that they were in charge of and responsible for the conduct of the business of the company at the time of the offence.
30 Nov -0001The judgment concerns two criminal applications filed by officers of the Maharashtra State Electricity Board (MSEB) seeking quashing of criminal proce...
