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