Delhi High Court Rules Independent Non-Executive Directors Not Liable Under Section 138 Of The NI Act Without Specific Allegations Justice Amit Mahajan of the Delhi High Court has ruled that...
Supreme Court: Authorized Signatory Not A 'Drawer' Under NI Act, Cannot Be Ordered To Pay Compensation In a recent ruling, the Supreme Court clarified that an authorised signatory of a company cannot...
Allahabad High Court: Moratorium Under Section 14 Of IBC Shields Corporate Debtor And Not Directors From Proceedings Under Sections 138/141 NI Act The Allahabad High Court has held that the...
A Director or Partner Cannot Be Held to Be Vicariously Liable for A Criminal Offence Under the Negotiable Instruments Act, 1881 (1) Merely Because of Being A Director or Partner of the Company or Firm...
Vicarious liability of Directors cannot be imputed Automatically Commission of an offense by raising a legal fiction or by creating a vicarious liability in terms of the provisions of a statute...
