Merely because person was in charge of company when offence was committed doesn’t attract liability u/s 141(1) of NI Act

Advertisement Siby Thomas Vs Somany Ceramics Ltd. (Supreme Court of India) Supreme Court held that vicarious liability couldn’t be attracted under section 141(1) of the Negotiable Instruments Act, 1881 merely based on the reason that the person was in charge of the company at the time when the offence was committed. Accordingly, criminal complaint quashed. Facts- This Appeal by accused in the complaint filed by the respondent herein u/s. 138 read with Section 141 of the Negotiable Instruments Act, 1881 is directed against the order dated 06.12.2019 passed by the High Court of Punjab and H...