Supreme Court of India
Kamalkishor Shrigopal Taparia v. India Ener-gen Private Limited & Anr.
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1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the above observations, the Appellant cannot be held vicariously liable under section 141 of the NI Act.
Judgment, page 8
From the headnote
Issue for Consideration Whether the High Court was justified in dismissing the petitions filed by the Appellant-an independent non-executive director under Section 482, CrPC seeking quashing of criminal proceedings initiated against him under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881. Appellant, if vicariously liable under Section 141. Headnotes† Negotiable Instruments Act, 1881 – ss.138, 141 – Appellant, an independent non-executive director was arrayed as an accused in the complaints u/s.138 alleging dishonor of cheques issued by the company – Appellant, if
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Where later benches applied it
Of those, 1 mentioned
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