Crl.A. No. 000271 - 000273 / 2016
STANDARD CHARTERED BANK vs STATE OF MAHARASHTRA AND ORS. ETC.
Status
DISPOSED
Order Date
06-04-2016
Citation
2016 INSC 298
Filed On
08-01-2016 12:03 PM
AI Summary
Under Section 141 of the Negotiable Instruments Act, vicarious liability of company directors for cheque dishonour offences under Section 138 requires specific averments in the complaint establishing their role in conducting the company's business at the time of the offence, though for Managing Directors or signatories of the dishonoured cheque, such specific averments may be inferred from their designation or act of signing.