Pooja Ravinder Devidasani vs State Of Maharashtra & Ors

The Supreme Court upheld the High Court's dismissal of the appellant's writ petitions seeking to quash complaints under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881. The Court established that a director can be held vicariously liable for the company's dishonored cheques if they were in charge of the company's affairs at the time of issuance. However, the appellant's resignation as a director prior to the issuance of the cheques was a critical factor, leading to the conclusion that she could not be held liable under the N.I. Act.