The Supreme Court has referred a significant question of law to a Larger Bench regarding the liability of a director to deposit 20% of the compensation amount under Section 148 of the Negotiable Instruments Act, 1881 (NI Act) during an appeal, specifically in cases where the accused company itself could not be prosecuted due to
Section 148 NI Act Deposit on Directors When Company Cannot Be Prosecuted: Supreme Court Refers Issue to Larger Bench
