Dishonor of Cheque - vicarious liability on Director - The prosecution under section 138 of the Act can...

Dishonor of Cheque - vicarious liability on Director - The prosecution under section 138 of the Act can be launched for vicarious liability against any person, who at the time of commission of offence was in charge and responsible for the conduct of the business of the accused company. Merely because the petitioner did not sign the cheques in question, is not decisive for launching prosecution against him - HC .....

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