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.