The Supreme Court of India has quashed the criminal proceedings against Saroj Pandey, a Director of Projtech Engineering Private Limited, in a cheque bounce case. The Court held that simply being a Director or signing Board Resolutions does not automatically imply involvement in the day-to-day management of a company’s affairs, which is a prerequisite for
Mere Directorship Or Signing Board Resolutions Not Sufficient To Fasten Liability Under Section 141 NI Act: Supreme Court
