Supreme Court of India
Central Bank of India v. M/s. Asian Global Ltd. & Ors.
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1 Supreme Court bench has cited this judgment.
From the headnote
Negotiable Instruments Act, 1881: c ss. 138, 139 and 141 - Prosecution of companies and their Directors - Vicarious liability of Directors - HELD: Unless a specific averment has been made in the complaint that when the offence was committed, the person accused was in charge of and responsible for the conduct of business of 0 the company, the requirements of s. 141 would not be satisfied -· Merely being a Director would not make a person vicariously liable - For launching prosecution uls 138 rlw s.141 against Directors of a company, there has to be a specific allegation in the complaint as to
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