[Section 138 NI Act] Chairman/Director Of The Company Cannot Be Prosecuted Without Impleading The Company As Accused: MP HC [Read Order]
LIVELAW NEWS NETWORK
24 Jun 2020 1:09 PM IST
![[Section 138 NI Act] Chairman/Director Of The Company Cannot Be Prosecuted Without Impleading The Company As Accused: MP HC [Read Order]](https://www.livelaw.in/h-upload/2020/02/11/750x450_370092-cheque.jpg "[Section 138 NI Act] Chairman/Director Of The Company Cannot Be Prosecuted Without Impleading The Company As Accused: MP HC [Read Order]")
The Madhya Pradesh High Court has observed that a Chairman of the company can not be prosecuted under Section 138 of the Negotiable Instruments Act unless the company is impleaded as an accused. A complaint was filed against the chairman of the company namely 'Well Built Industry India Ltd." after the cheque he had given under the capacity of chairman of the company got bounced. But...
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