Only Signatory/Responsible Directors Liable in Cheque Bounce Cases: SC

Hitesh Verma Vs Health Care at Home India Pvt. Ltd. & Ors. (Supreme Court of India)

Supreme Court of India, in Hitesh Verma vs. Health Care at Home India Pvt. Ltd. & Ors., ruled that a director who is not a signatory to a dishonored cheque cannot be held liable under Section 138 of the Negotiable Instruments Act, 1881, unless specific conditions under Section 141 are met. The case revolved around complaints filed against the appellant, who was accused alongside other directors of a company engaged in pharmaceutical supply. The complaints alleged that the appellant,

Please become a Premium member. If you are already a Premium member, login here to access the full content.