Independent Directors Cannot Be Vicariously Held Liable Under Section 138 Of NI Act Without Active Involvement: Delhi High Court 

The Delhi High Court, in a significant ruling on August 12, 2024, quashed the criminal proceedings against Mr. Sandip Vinodkumar Patel and other independent directors of the accused company, Sadbhav Engineering, in a case involving dishonour of cheques under Section 138 of the Negotiable Instruments Act, 1881. The court emphasized that independent directors cannot be

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