Cheque Bounce Case Against Director Quashed, Mere Board Role Not Sufficient for Liability: Supreme Court
The Supreme Court delivered a landmark judgment in Saroj Pandey vs Govt. of NCT of Delhi & Ors., deciding on the scope of director liability in cheque dishonour cases under the Negotiable Instruments Act, 1881. The Court clarified that merely being a director or signing board resolutions does not automatically make a person responsible for the company’s daily operations or liable for offences under Sections 138, 141, and 142 of…
