Managing Director or Joint Director of Company taking Personal Responsibility to Discharge Debt is Solely Liable as Drawer of Cheque: Calcutta HC [Read Order]

Managing Director - Joint Director of Company -Personal Responsibility - Debt Cheque - Calcutta High Court - taxscan

The Calcutta High Court recently observed that Managing Director or Joint Director of company taking personal responsibility to discharge debt is solely liable as the drawer of cheque. The case of the appellant, Abhijit Banerjee, is that he as a complainant filed a complaint under Section 138 of the Negotiable Instruments Act, 1881, alleging, that…

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