Supreme Court of India · 2011-02-08
Harshendra Kumar D vs Rebatilata Koley Etc
- Citation / case number
- AIR 2011 SUPREME COURT 1090
- Court
- Supreme Court of India
- Petitioner
- Harshendra Kumar D
- Respondent
- Rebatilata Koley Etc
- Author
- R.M. Lodha
- Bench
- R.M. Lodha, Aftab Alam
Judgment text excerpt
The Supreme Court upheld the dismissal of 18 criminal revision applications challenging proceedings under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881. The Court established that a director can be held liable for dishonored cheques issued by a company if they were in charge of the company's affairs at the time of issuance. The appellant's resignation prior to the issuance of the cheques did not absolve him of liability, as the complaints were validly filed against him as a director responsible for the company's operations.