Dishonor of Cheque - insufficiency of funds - Vicarious ...

Court Upholds Summons for Director in Cheque Dishonor Case, Cites Vicarious Liability for Insufficient Funds.

February 23, 2022

Case Laws Indian Laws HC

Dishonor of Cheque - insufficiency of funds - Vicarious liability of directors - It is not the case of the petitioner herein that he is a non-executive director. The petitioner is a full-time director. The complaint read as a whole indicates that at the time of cheques being issued by the company and returned by the bank, the son of the petitioner and the petitioner were the only directors of the company and were responsible for the conduct of the business of the company. This Court is, therefore, not inclined to interfere with the order dated 03.02.2021 issuing summons to the petitioner herein - HC

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Dishonor of Cheque - insufficiency of funds - Vicarious ...

Court Upholds Summons for Director in Cheque Dishonor Case, Cites Vicarious Liability for Insufficient Funds.

February 23, 2022

Case Laws Indian Laws HC

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