{"id":220432,"date":"2019-10-03T09:00:55","date_gmt":"2019-10-03T03:30:55","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=220432"},"modified":"2019-10-09T13:07:20","modified_gmt":"2019-10-09T07:37:20","slug":"bom-hc-interference-with-issuance-of-process-under-s-138-read-with-s-141-ni-act-declined-where-directors-had-resigned-but-the-resignation-was-not-approved","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/03\/bom-hc-interference-with-issuance-of-process-under-s-138-read-with-s-141-ni-act-declined-where-directors-had-resigned-but-the-resignation-was-not-approved\/","title":{"rendered":"Bom HC | Interference with issuance of process under S. 138 read with S. 141 NI Act declined where Directors had resigned, but the resignation was not approved"},"content":{"rendered":"

Bombay High Court:\u00a0<\/strong>S.S. Shinde, J. refused to interfere with the order of the Magistrate whereby process was issued against the applicants (directors of the accused company) for the commission of offence under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881.<\/p>\n

The complainant’s case was that the accused company had issued a post-dated cheque on their favour on account of payment for supply of certain bio-medical equipment’s. However, on presentation, the said cheque was dishonoured and, therefore, the complainant instituted the current proceedings against the accused company as well as the applicants (directors of the accused company).<\/p>\n

The applicants submitted that the Magistrate erred in issuing process against them as he failed to consider that the applicants had, at the time of commission of the offence, already resigned from their offences. Per contra, the complainant rebutted their submission with the help of Section 168 of the Companies Act, 2013 (resignation of directors).<\/em><\/p>\n

Perusing Section 168, the High Court opined that the said provision make it abundantly clear that, the Director who wishes to resign from his office, has to give notice in writing to the company and the Board shall on receipt of such notice, take note of the same and company shall intimate the Registrar in such manner, within such time and in such form as may be prescribed and shall also place fact of such resignation in the report of the directors laid in the immediately following general meeting of the company provision.<\/p>\n

Considering the record of the case, it was noted that although the applicants had forwarded their resignation from the office of Director, however, the same was not yet approved by the Board as contemplated by the section discussed above.<\/p>\n

Holding that the documents produced by the applicants cannot be considered as uncontroverted or of unimpeachable character, the Court was of the view that the order of issuance of process against the applicants passed by the Magistrate needs no interference.<\/p>\n

In such view of the matter, the Court held the instant criminal application to be devoid of merits and rejected the same. [Kulwant Chauhan v. State of \u00a0Maharashtra, 2019 SCC OnLine Bom 2280<\/b><\/a>, decided on 23-09-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"

Bombay High Court:\u00a0S.S. 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Oka, JJ has held that if, at the time the offence was committed, the person accused\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":274559,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/09\/27\/supreme-court-calcutta-high-court-section-141negotiable-instruments-act-1881-dishonour-of-cheque-interest-of-justice-managing-director-criminal-liability-vicarious-liability-independent-non-executive\/","url_meta":{"origin":220432,"position":1},"title":"Explained| Dishonour of Cheques: Can non-executive Directors of the accused company be held vicariously liable under Section 141 NI Act?","author":"Editor","date":"September 27, 2022","format":false,"excerpt":"\u00a0 \u00a0 Supreme Court: In an appeal against a judgment passed by the Calcutta High Court dismissing the Criminal Revision Application filed by the appellants for quashing the proceedings under Sections 138 and 141 of the Negotiable Instruments (NI) Act,1881, the division bench of Indira Banerjee* and J.K. 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The petitioner had filed a complaint under Section 138 of the Negotiable Instruments Act, 1881 against\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/01\/Delhi_New-logo.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/01\/Delhi_New-logo.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/01\/Delhi_New-logo.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/01\/Delhi_New-logo.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/01\/Delhi_New-logo.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":236389,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/09\/28\/del-hc-can-a-director-who-has-resigned-from-company-be-held-liable-for-cheques-subsequently-issued-and-dishonoured-hc-explains-in-light-of-s-141-ni-act\/","url_meta":{"origin":220432,"position":3},"title":"Del HC | Can a director who has resigned from company be held liable for cheques subsequently issued and dishonoured? HC explains in light of S. 141 NI Act","author":"Bhumika Indulia","date":"September 28, 2020","format":false,"excerpt":"Delhi High Court: V. Kameswar Rao, J., while addressing the present matter observed that a retired director of the company cannot be held liable for the day to day acts of company and cheques issued and dishonoured post his retirement. Petitioner's Counsel V.M. Kannan contended that the proceedings by respondent\u2026","rel":"","context":"In "Banking and Negotiable Instruments"","block_context":{"text":"Banking and Negotiable Instruments","link":"https:\/\/www.scconline.com\/blog\/post\/category\/banking-and-negotiable-instruments\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":243938,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/02\/16\/section-138-ni-act\/","url_meta":{"origin":220432,"position":4},"title":"All HC | Summons sent to Director for dishonour of cheque under S. 138 NI Act, without prosecution against the Company. Is it permissible? 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Shinde, J. allowed a criminal application filed against the order of the Magistrate whereby he rejected the application filed by the applicant for recalling the issuance of process under Section 138 of the Negotiable Instrument Act, 1881, against him. 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