Cheque dishonour| Director’s S. 138 NI Act liability subsists despite liquidation of the company: Supreme Court
The Court denied the discharge of the company director in a cheque dishonour case wherein the said company was undergoing liquidation.
cheque dishonour case
Supreme Court upholds acquittal in 16-year-old cheque dishonour case; Says complainant failed to show if any sum was advanced towards financial assistance
“Both the appellate fora, on-going through the evidence did not find existence of any ‘enforceable debt or other liability’. This strikes at the root of the Rajco Steel’s case”