Crl.A. No. 001106 / 2025
K.S. MEHTA S/O LATE J.S, MEHTA vs M/S MORGAN SECURITIES AND CREDITS PVT. LTD.
Status
DISPOSED
Judges
HON'BLE MRS. JUSTICE B.V. NAGARATHNA and HON'BLE MR. JUSTICE SATISH CHANDRA SHARMA
Order Date
04-03-2025
Filed On
02-03-2024 11:07 AM
AI Summary
A non-executive director cannot be fastened with vicarious liability under Section 141 of the Negotiable Instruments Act, 1881 unless the complaint contains specific averments demonstrating that such director was actively in charge of and responsible for the conduct of the company's business at the time of the offence; mere directorship, board meeting attendance, or titular designation is insufficient to attract such liability.