Supreme Court of India · 2022-08-01
SUNITA PALITA vs M/S. PANCHAMI STONE QUARRY
- Citation / case number
- SC 2019/40276
- Court
- Supreme Court of India
- Petitioner
- SUNITA PALITA
- Respondent
- M/S. PANCHAMI STONE QUARRY
- Author
- HON'BLE MS. JUSTICE INDIRA BANERJEE
- Bench
- HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN HON'BLE MS. JUSTICE INDIRA BANERJEE
Judgment text excerpt
The Supreme Court dismissed the appeal against the Calcutta High Court's order which had rejected the Appellants' plea to quash proceedings under Section 138/141 of the Negotiable Instruments Act. The court held that the Appellants, being directors of the accused company, could be held liable for the company's actions under the provisions of the NI Act. The judgment reinforces the principle of vicarious liability in corporate governance.