Liquidation No Shield from Cheque Bounce Conviction: SC Upholds Liability of Director

Shashankbhai Jayantibhai Shah Vs HDFC Bank Ltd. & Ors. (Supreme Court of India) The matter before the Supreme Court of India involved two appeals filed by the appellant, Shashankbhai Jayantibhai Shah, challenging orders issued by the High Court of Judicature at Gujarat in a case related to the dishonor of a cheque under Section 138 of the Negotiable Instruments Act, 1881 (N.I. Act). The appellant was initially convicted by the Additional Chief Metropolitan Magistrate, NIA Court No.30, Ahmedabad, on April 3, 2017, for the cheque dishonor. He was sentenced to two years of imprisonment and or...