Liability of authorized signatory of a company to be prosecuted ...

Supreme Court Rules on Liability of Authorized Signatories u/s 138 of Negotiable Instruments Act for Dishonored Cheques.

May 7, 2012

Case Laws Companies Law SC

Liability of authorized signatory of a company to be prosecuted under Section 138 of the Negotiable Instruments Act, 1881 without the company being arraigned as an accused - SC

View Source

← Previous Next →

Liability of authorized signatory of a company to be prosecuted ...

Supreme Court Rules on Liability of Authorized Signatories u/s 138 of Negotiable Instruments Act for Dishonored Cheques.

May 7, 2012

Case Laws Companies Law SC

You may also like:

Dishonor of Cheque - drawer of the cheque versus authorised signatory - One can easily visualise the object of Section 138 of the Negotiable Instruments Act, 1881, will...

Dishonour of cheque - vicarious liability in criminal law - The SC interpreted Section 7 of the NI Act to identify the "drawer" as the individual issuing the cheque,...

The SC held that an authorized signatory of a company does not fall within the ambit of the expression "drawer" u/s 138 of the Negotiable Instruments Act, 1881 (NI Act)....

This case pertains to the dishonor of cheques and the liability of the petitioners u/s 138 of the Negotiable Instruments Act. The High Court held that since the...

Dishonour of Cheque - “drawer" of the cheque - signatory of the cheque, authorized by the "Company" Thus, the signatory of the cheque, authorized by the "Company", is...

Dishonor of Cheque u/s 138 - dishonor due to change in authorized signatories - authorised signatory liable to be prosecuted along with the company even after resignation. - SC

Dishonour of cheque - vicarious liability not applicable - proprietorship concern - proprietor or signatory liable u/s 138 NI Act, not others - petitioner neither...

Dishonour of Cheque - Legally enforceable debt or not - The explanation to Section 138 of the Negotiable Instruments Act defines the expression “debt or other liability”...

Dishonour of Cheque - vicarious liability of the director - appellant was in-charge of day-to-day affairs of the Company or not - The appellant argued against her...

SC determined that a director who is not a signatory to a dishonored cheque cannot be held liable under Section 138 of the 1881 Act unless Section 141 requirements are...

Dishonor of cheque - Proceedings against the Joint Account Holder who is not the signatory of the cheque - Section 138 of the NI Act does not speak about the joint...

Dishonour of Cheque - applicability of principles of discharge - allegations of taking the amount on the pretext of Chinese technology - Forged documents and cheating -...

Dishonor of Cheque - CIRP - dissolution of company as per resolution plan - where the proceedings under Section 138 of the NI Act had already commenced with the...

Dishonor of Cheque - prosecution against the person who signed the cheque or the person who has authorized the signatory - The law on the point is made very clear. When...

Dishonor of cheque case - vicarious liability of directors u/s 138 read with Sections 141 and 142 of Negotiable Instruments Act. Court held specific, unambiguous...

Quick Updates: