Allahabad HC Limits Director Liability in Cheque Bounce

R.M Diary Products (LLP) And 3 Others Vs State of U.P. and Another (Allahabad High Court) Allahabad High Court has partially allowed an application under Section 482 of the Code of Criminal Procedure (Cr.P.C.), quashing the summoning order against several partners of R.M. Dairy Products LLP in a complaint filed under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). The court ruled that only the Limited Liability Partnership (LLP) and its authorized signatory, who issued the dishonoured cheque, can be held liable, emphasizing the need for specific averments in complaints against in...