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Indian Laws - Highlights / Catch Notes

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Dishonor of Cheque - vicarious liability of director of a ...


Director's Vicarious Liability in Cheque Dishonor Requires Company as Accused Under NI Act Sections 138 & 141.

November 19, 2022

Case Laws     Indian Laws     SC

Dishonor of Cheque - vicarious liability of director of a company u/s 141 of NI Act - prosecution u/s 138 of NI Act without the company being arraigned as an accused - if the complainant fails to make specific averments against the company in the complaint for the commission of an offence under Section 138 of NI Act, the same cannot be rectified by taking recourse to general principles of criminal jurisprudence - SC

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