Directors Liable for Cheque Dishonor u/s 138 if Responsible for Company Operations, Says Supreme Court.

Dishonor of Cheque - Liability of Director - if concerned Director was in-charge of and was responsible to company for its conduct of business, he can be held to be guilty of offence under Section 138 of negotiable instruments act, 1881 – Therefore, High Court ought not to have quashed proceedings against such directors - SC .....

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