When Can A 'Cheque Bounce' Complaint Against Director Of Company Be Quashed? SC Answers [Read Judgment]

Ashok Kini

10 March 2019 7:24 PM IST

"The law requires that the complaint must contain a specific averment that the Director was in charge of, and responsible for, the conduct of the company’s business at the time when the offence was committed."

The Supreme Court has reiterated that, a 'cheque bounce' complaint against a Company and its Director, must contain a specific averment that the Director was in charge of, and responsible for, the conduct of the company's business at the time when the offence under Section 138/141 of Negotiable Instruments Act was committed. A three judge bench comprising of Justice NV Ramana,...

When Can A 'Cheque Bounce' Complaint Against Director Of Company Be Quashed? SC Answers [Read Judgment]

Ashok Kini

"The law requires that the complaint must contain a specific averment that the Director was in charge of, and responsible for, the conduct of the company’s business at the time when the offence was committed."

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