Supreme Court of India · 2011-04-13
RALLIS INDIA LTD. vs PODURU VIDYA BHUSAN .
- Citation / case number
- SC 2007/32364
- Court
- Supreme Court of India
- Petitioner
- RALLIS INDIA LTD.
- Respondent
- PODURU VIDYA BHUSAN .
- Author
- Deepak Verma
- Bench
- DALVEER BHANDARI,DEEPAK VERMA, , ,
Judgment text excerpt
The Supreme Court held that the discharge of accused under Sections 138 and 141 of the Negotiable Instruments Act, 1881 was improper as the High Court failed to consider the joint and several liability of partners in a partnership firm. The Court emphasized that the mere assertion of severance of connection with the firm does not absolve partners from liability for dishonored cheques issued during their tenure. The appeal was allowed, and the High Court's order was set aside, reinstating the charges against the accused.