Former Directors cannot be prosecuted on Cheque issued to repay amount invested on term of their office: Karnataka HC [Read Judgment]

Cheque - issued - office - Karnataka - HC - TAXSCAN

The Karnataka High Court ruled that Any person who is not director of the company on the date of issuance of the cheque is not liable under Section 138 of the Negotiable Instruments Act. The petitioners in the present appeal are Sunita and Vidya. A private complaint is filed under Section 200 of the Code…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader