SAROJ KUMAR PODDAR vs STATE (NCT OF DELHI)

The Supreme Court addressed the liability of a director under Section 138 of the Negotiable Instruments Act, emphasizing that a director can be held liable for dishonored cheques if they were in office at the time of issuance. The Court noted that the appellant's resignation from the company occurred after the cheques were issued, thus he could not claim complete innocence. The High Court's dismissal of the quashing petitions was upheld, affirming that the matter required further trial to ascertain the facts surrounding the issuance of the cheques.