Person Not in Charge of and Responsible For the Company at the Time of Signing of Cheque, Cannot Be Held Liable Under Section 138 NI Act: Madras HC

Recently, the Madras HC stated that Person not in charge of and responsible to the company at the time of signing of cheque, cannot be liable under Section 138 NI Act. The bench consists of Justice G. Chandrasekharan was dealing with the petition to quash the criminal proceedings against the petitioner/3rd accused pending on the

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