![Specific Averments Sufficient to Attract Vicarious Liability of Directors under NI Act: Delhi HC Refuses to Quash Cheque Dishonour in FIITJEE Loan Dispute [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111638-specific-averments-sufficient-attract-vicarious-liability-directors-ni-act-delhi-hc-refuses-quash-cheque-dishonour-fiitjee-loan-dispute-taxscan.webp "Specific Averments Sufficient to Attract Vicarious Liability of Directors under NI Act: Delhi HC Refuses to Quash Cheque Dishonour in FIITJEE Loan Dispute [Read Order]")
Specific Averments Sufficient to Attract Vicarious Liability of Directors under NI Act: Delhi HC Refuses to Quash Cheque Dishonour in FIITJEE Loan Dispute [Read Order]
The Delhi High Court has refused to quash criminal proceedings under Section 138 ofthe Negotiable Instruments Act, 1881, against the directors of...
![IBC Moratorium Not a Shield for Directors in Cheque Bounce Cases: Bombay HC Sets Aside Discharge Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096058-cheque-bounce-case-taxscan.webp "IBC Moratorium Not a Shield for Directors in Cheque Bounce Cases: Bombay HC Sets Aside Discharge Order [Read Order]")
![Violation of 269SS does not nullify Transaction in S.138 NI Act Case, but constitutes a Separate Offence under IT Act: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Violation-of-269SS-Transaction-in-S.138-NI-Act-Case-Offence-under-IT-Act-Karnataka-HighCourt-taxscan.jpg "Violation of 269SS does not nullify Transaction in S.138 NI Act Case, but constitutes a Separate Offence under IT Act: Karnataka HC [Read Order]")
Proceedings under Section 138 of the NI Act would lie only on any Enforceable Debt: Gujarat High Court [Read Order]
The Gujarat High Court has held that proceedings under Section 138 of the NI Act would lie only in respect of any Enforceable Debt. The applicant, S.M.Smith and Son is a Company registered under...
![Proceedings under Section 138 of the NI Act would lie only on any Enforceable Debt: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Section-138-NI-Act-Enforceable-Debt-Gujarat-HC-taxscan.jpg "Proceedings under Section 138 of the NI Act would lie only on any Enforceable Debt: Gujarat High Court [Read Order]")
Burden of Proof on accused to prove Cheque was not issued for discharge of Debt or Liability: Supreme Court interprets NI Act [Read Judgment]
The Supreme Court has reaffirmed that under the Negotiable Instruments Act (NI Act), the burden of proof is on the accused to show that a cheque was not issued for discharge of any debt or liability...
Retired Director of a Company is not responsible for conduct of day-to-day affairs of Company: Delhi HC [Read Judgment]
The Delhi High Court said that a person who has retired as the director of the company can not be held liable for the day to day acts of company and cheques issued and dishonoured post-retirement. ...
![Retired Director of a Company is not responsible for conduct of day-to-day affairs of Company: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Delhi-High-Court-company-Retired-Director-Taxscan.jpg "Retired Director of a Company is not responsible for conduct of day-to-day affairs of Company: Delhi HC [Read Judgment]")