Paresh P.Rajda vs State Of Maharashtra & Anr

The Supreme Court held that under Section 138 of the Negotiable Instruments Act, 1881, a director can be held liable for dishonoured cheques if specific allegations of responsibility are made against them, as per Section 141 of the Act. The Court found that the High Court's dismissal of the accused's application was justified, as the complaint contained sufficient allegations attributing responsibility to the accused as officers of the company. The appeal was dismissed, affirming the trial court's decision to proceed with the case against the accused.