Vicarious Liability of Independent Director Under Section 138 NI Act Explained: Delhi High Court

This case arose from a dispute involving cheque dishonour under the Negotiable Instruments Act, 1881. The matter was heard on 25 March 2026 in the case of Manish Goyal vs S P Realtors. The dispute focuses on whether an Independent Director can be held liable for offences committed by a company under Section 138 Negotiable Instruments Act along with Section 141 Negotiable Instruments Act. Background facts of the dispute The…