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Indian Laws - Highlights / Catch Notes

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Dishonor of Cheque - insufficiency of funds - vicarious ...

Case Laws     Indian Laws

June 6, 2022

Dishonor of Cheque - insufficiency of funds - vicarious liability - petitioners are Non-executive Independent Directors of the Company - The phrase "non-executive independent director" is not even shown to exist in any of the documents appended by the petitioners. The respondent has demonstrated varied nomenclature of the petitioners in several documents. Therefore, it becomes a matter of trial. - HC

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