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Indian Laws - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Offence punishable under Sections 138 read with 142 of the ...


Court Rules No Vicarious Liability for Nominee Director Without Specific Role in Negotiable Instruments Act Case.

March 16, 2017

Case Laws     Indian Laws     HC

Offence punishable under Sections 138 read with 142 of the Negotiable Instruments Act - petitioner is the independent non-executive nominee director - No vicarious liability can be fastened on the petitioner in the absence of specific role being attributed to the petitioner. - HC

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