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Calcutta High Court Clarifies NI Act: Directors Not Automatically Liable for Cheque Bounce Cases
Court News

Calcutta High Court Clarifies NI Act: Directors Not Automatically Liable for Cheque Bounce Cases

Calcutta High Court rules that directors cannot be prosecuted in cheque bounce cases unless specific roles are pleaded under Sections 138 & 141 of the NI Act.

Calcutta High Court NI Act 1881 Section 138 NI Act Section 141 NI Act cheque bounce cases director liability corporate criminal law company directors India vicarious liability corporate governance law business law India
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Supreme Court Questions Director’s Liability in Cheque Bounce Cases During Company Liquidation
Court News

Supreme Court Questions Director’s Liability in Cheque Bounce Cases During Company Liquidation

Supreme Court questions exemption of directors from depositing compensation under Section 148 NI Act during company liquidation. Larger Bench to settle law.

Supreme Court Judgment NI Act Cheque Bounce Case Director Liability Company Liquidation Section 138 NI Act Section 148 NI Act Corporate Criminal Law Insolvency and Bankruptcy Code Larger Bench Reference Financial Crimes India
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