The Bombay HC recently ruled that, non-executive director of company not liable u/sec 138 Negotiable Instruments act unless involved in day-to-day affairs. The bench of Justice Prakash D. Naik observed that, role of independent Directors, documents on record, petitioners cannot be prosecuted for the offences punishable under Section 138 of NI Act by invoking Section
Cheque Bounce | Non-Executive Director of Company Not Liable U/Sec 138 NI Act Unless Involved in Day-to-Day Affairs: Bombay HC
