Director not responsible for cheque issued & Dishonoured post his retirement

Alibaba Nabibasha Vs Small farmers agri-busines Consortium & ORS (Delhi High Court)

The Petitioner ceased to be the director of the respondent No. 2 with effect from 27^th October 2010. The resignation of the petitioner was also notified to MCA.

The cheques, totaling to INR 45 Lakhs, were issued on 31^st December 2018 by respondent No. 2. The respective cheques were dishonored, due to insufficient funds, vide memo dated 11^th January 2019.

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