N. RANGACHARI vs BHARAT SANCHAR NIGAM LTD

The Supreme Court upheld the applicability of Section 138 of the Negotiable Instruments Act, affirming that directors of a company can be held liable for dishonored cheques if they are in charge of the company's affairs. The Court clarified that mere designation as a director does not exempt one from liability if they are responsible for the company's conduct. The appeal for quashing the complaint against the appellant was dismissed, reinforcing that all accused were jointly and severally liable for the offence under Section 138.