Bombay High Court Quashes Process Against Directors in NI Act Case Due to Lack of Specific Averments of Vicarious Liability. The court held that mere designation as a director is insufficient to attract vicarious liability under Section 141 of the Negotiable Instruments Act, 1881, and the complaint must contain specific averments that the director was in charge of and responsible for the conduct of the business.
19 Aug 2022The case involves an application under Section 482 of the Code of Criminal Procedure, 1973, filed by Anil Kumar Singhal and Meenu Maheshwari, director...
