Proceedings U/S 138 Of NI Act Not Maintainable Against Independent Non-Executive Directors Of A Company, Reiterates Delhi HC [Read Judgment]

The Delhi High Court on Tuesday reiterated that criminal proceedings under Section 138 of the Negotiable Instruments Act, 1881, for dishonor of cheque are not maintainable against non-executive independent directors of a company. The order passed by Justice Manoj Kumar Ohri relies on a Supreme Court judgment in Pooja Ravinder Devidasani v. State of Maharashtra & Anr.,...