Cheque Bounce | Non-Executive Director of Company Not Liable U/Sec 138 NI Act Unless Involved in Day-to-Day Affairs: Bombay HC

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

To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.

Click to Subscribe

If you are already a VIP Member, Click to Login Now

Related Articles

Latest Articles