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In absence of specific allegations, Directors cannot be prosecuted without arraigning the Company as Accused: SC [Read the Judgment]
Apoorva Mandhani
26 Feb 2015 10:07 AM IST
Setting aside criminal proceedings against the appellant, a Supreme Court bench comprising of Justice Dipak Misra and Justice A.K. Goel observed that, "When a complainant intends to rope in a Managing Director or any officer of a company, it is essential to make requisite allegation to constitute the vicarious liability." This also makes clear that this dictum is not confined to matters...
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![In absence of specific allegations, Directors cannot be prosecuted without arraigning the Company as Accused: SC [Read the Judgment] In absence of specific allegations, Directors cannot be prosecuted without arraigning the Company as Accused: SC [Read the Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2014/06/SC.jpg)
