Latest Breaking News On - Directors not vicariously liable if the company is acquitted - Page 1 : comparemela.com

The Kerala High Court held that when a company is not convicted for the offence of cheque bouncing under Section 138 of the Negotiable Instruments Act, its Directors cannot be held vicariously liable for the same offence

Managing directorKerala high courtKerala hcKerala high court newsKerala hc newsSection 138 of negotiable instrument actSection 138 of ni actSection 138Directors not vicariously liable for offence of cheque bouncing if companyVicarious liabilityAbsence of company liability means directors are not accountableDirectors not held responsible if the company is acquitted in cheque bouncing casesDirectors not vicariously liable if the company is acquittedKerala high court section 138 of negotiable instrument actLegal newsKerala hc cheque bouncing