M/S GREEN EARTH ASPHALT & POWER P.LTD. vs STATE OF MAHARASHTRA TR.P.S.O

The Supreme Court held that under Section 141 of the Negotiable Instruments Act, only those partners of a firm who are in charge of the firm's affairs can be held liable for offenses related to dishonored cheques. The Court found that while the High Court correctly quashed proceedings against certain partners for lack of necessary averments, it erred in quashing the proceedings against the authorized signatory and the firm itself. The appeal was allowed in part, reinstating the proceedings against the firm and the signatory while upholding the quashing for the other partners.