Director Who Signed Cheques Cannot Seek Quashing of Section 138 NI Act Proceedings by Merely Citing Disputed Resignation: Delhi High Court

The Delhi High Court has dismissed a batch of petitions filed by a former director seeking to quash criminal complaints instituted against him under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). The Court held that where a director is an admitted signatory to the dishonoured cheques and the genuineness or effect of

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