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.
Company Director
Notice under section 2(35) of Income Tax Act not served; Bombay High Court quashes prosecution against independent director
“Passing orders of issuance of a process without appreciating the statutory provisions and cautiously examining the material on record may put the wheels of criminal law in motion and summon an innocent individual to stand trial.”