Office Bearer of Society Not Liable for Cheque Dishonour Unless Active Role in Conduct of Business Is Shown Under NI Act: Supreme Court

The Supreme Court has delivered an important judgment explaining the liability of office-bearers in cheque dishonour matters under the Negotiable Instruments Act, 1881. The Court ruled that merely holding a post or designation in a company or society is not enough to prosecute a person under Section 141 of the Negotiable Instruments Act unless there are clear allegations showing active involvement in the affairs of the organization. The judgment was…