The Chhattisgarh High Court recently ruled that a director could not be prosecuted under Section 138 of the Negotiable Instruments Act unless the company was also charged. Justice Gautam Bhaduri granted the petition to vacate the impugned orders, noting that only the company’s directors were named as defendants without any specific allegations about their roles,
Cheque Bounce: Can Director be Prosecuted U/s 138 NI Act if the Company is not made Accused? Answers Chhattisgarh HC
