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Vicarious Liability In Cheque Bounce Cases: Unable To Quash Trial Court Proceedings

Vicarious Liability In Cheque Bounce Cases: Unable To Quash Trial Court Proceedings
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SC says independent directors not liable in cheque bounce cases

The Supreme Court on Monday said a company s Director - not in charge or responsible for the conduct of the business at the relevant time - can t be held liable for dishonour of cheques, under the provisions of the Negotiable Instruments (NI) Act.

West bengalSidharth luthraSunita palitaIndira banerjeeCalcutta high courtSupreme court onHuman resources developmentSupreme courtNegotiable instrumentsJustices indira banerjeePanchami stoneMutual fund returnsAnk fixed depositsNvestor returnsOrtfolio allocation

Will be travesty of justice : SC says independent Directors not liable in cheque bounce cases

The Supreme Court on Monday said a company's Director - not in charge or responsible for the conduct of the business at the relevant time - can't be held liable for dishonour of cheques, under the provisions of the Negotiable Instruments (NI) .

West bengalNew delhiSidharth luthraSunita palitaIndira banerjeeCalcutta high courtSupreme court onHuman resources developmentSupreme courtNegotiable instrumentsJustices indira banerjeePanchami stone

Will be travesty of justice : SC says independent Directors not liable in cheque bounce cases

Will be travesty of justice : SC says independent Directors not liable in cheque bounce cases
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West bengalSidharth luthraSunita palitaIndira banerjeeCalcutta high courtSupreme court onHuman resources developmentSupreme courtNegotiable instrumentsJustices indira banerjeePanchami stone