Dishonor of Cheque - signatories of the defaulted cheque - ...
Case Laws Indian Laws
December 8, 2021
Dishonor of Cheque - signatories of the defaulted cheque - Liability of Chairman / Managing Director - Having done that there was no liberty available to the complainant and there was no requirement in law to implead the Managing Director. The Corporation is a juridical person, which was required to be impleaded (in the complaint lodged) to fulfill the requirement of law. That requirement however does not create any offence by its Managing Director. - HC
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