Complaint filed by Company cannot be denied merely because Managing Director’s name appeared first in complaint

Bhupesh Rathod Vs Dayashankar Prasad Chaurasia (Supreme Court of India) Complaint filed by Company u/s 138 of NI Act could not be denied merely because Managing Director’s name appeared first in complaint. Conclusion: Merely because Managing Director’s name appeared first as acting on behalf of the Company on the registered complaint, respondent could not contended that the compliant was not on the behalf of company. Moreover, respondent failed to disclose why he did not meet the financial liability arising to a payee, who was a holder of a cheque in due course. Held: Respondent had i...