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february 2011

Supreme Court of India · 2011-02-08

HARSHENDRA KUMAR D. vs REBATILATA KOLEY ETC.

Citation / case number
SC 2008/9341
Court
Supreme Court of India
Petitioner
HARSHENDRA KUMAR D.
Respondent
REBATILATA KOLEY ETC.
Author
R.M. Lodha
Bench
AFTAB ALAM,R.M. LODHA, , ,

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 if they were in charge of the company's affairs at the time of issuance, regardless of subsequent resignation. The Court affirmed the High Court's ruling that the appellant's resignation did not absolve him of liability for the cheques issued while he was a director.

HARSHENDRA KUMAR D. vs REBATILATA KOLEY ETC. · Niyam