A Supreme Court bench comprising Justice J.K. Maheshwari and Justice Rajesh Bindal delivered a significant judgment, holding that a director cannot be held liable under Section 141 of the Negotiable Instruments Act, 1881, for cheques issued by a company after their resignation. Allowing the appeals filed by Adhiraj Singh, the court quashed the complaints under
Director Not Liable Under Section 141 of NI Act for Post-Tenure Cheques Issued By Company After Resignation: Supreme Court
