Supreme Court of India
K. Srikanth Singh v. M/s. North East Securities Ltd. and Anr.
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1 Supreme Court bench has cited this judgment.
From the headnote
Negodable Instruments Act, 1881; Ss. 138 and 141: Complaint against a company and its directors for committing offence u/s. 138 of the Act-One of the directors filing a petition u/s. 482 Cr. P. . for quashing the proceedings-Dismissed by High Court-On appeal, Held: For showing vicarious liability of a Director of a Company, it is incumbent on complainant to plead that the accused was responsible for conducting the · business of the company-No such a/legation made by the complainant- Merely because the accused-director participated in negotiations for ·obtaining finance from the complainant,
Where later benches applied it
Of those, 1 referred to
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