Cheque Bounce Cases Against Former Director Quashed as Section 141 NI Act Requires Specific Role in Company's Affairs: Delhi High Court

The Delhi High Court has quashed criminal proceedings against Achin Kumar Roy in four cheque dishonour complaints filed by Bajaj Finance Ltd. The Court held that a former director cannot be summoned under Section 141 of the Negotiable Instruments Act, 1881 merely because he was a director of the company. The complaint must contain specific allegations explaining how the individual was in charge of and responsible for the conduct of…