Liability of Directors in Cheque Dishonour Case Clarified After Company Liquidation Under Negotiable Instruments Act: Delhi High Court

In an important judgment dated 04 May 2026, the Delhi High Court decided the case of Raj Kumar Jain vs M/S Shree Balaji Enterprisies And Anr. The matter arose from a business transaction where a Memorandum of Understanding was executed for the purchase of 18 auto tippers. A total amount of Rs. 45,00,000 was paid as advance. However, due to disputes, the amount was sought to be refunded through cheques…