SC: When Company Isn’t Added as Accused the Director Who Signed Cheque is Not Liable for Dishonour - 23.12.2024

Supreme Court while upholding the acquittal of a man convicted for dishonoured cheque, has observed that under Section 138 of NI Act authorised signatory of a company cannot be held liable for dishonour of a cheque drawn on company's account unless the company is arraigned as the principal accused.

Tags : Supreme Court Dishonoured Cheque Authorised Signatory

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