Ex-Principal Cannot Be Held Liable Under Section 138 NI Act For Cheque Issued After Resignation: Rajasthan High Court

The Rajasthan High Court has held that a former principal of an educational institution cannot be prosecuted under Section 138 of the Negotiable Instruments Act for a cheque dishonoured after their resignation. Justice Anoop Kumar Dhand quashed the criminal proceedings and cognizance order against 74-year-old Mohan Lal Sharma, ruling that once an individual resigns from

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