Sec 138 NI Act: After Resignation From Company, the Directors Are Not Liable For Cheque Bounce, Rules SC 

The Supreme Court on Wednesday stated that after resignation from the company, the directors are not liable for cheque bounce. The bench of Justices B.R. Gavai and Sanjay Karol was dealing with the appeal challenging the order passed by the High Court.  In this case, the appellants were Directors in the Respondent Company but resigned

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