Director’s Role Need Not Be Detailed in Cheque Dishonour Complaint: SC Clarifies Vicarious Liability

HDFC Bank Limited Vs State of Maharashtra And Anr. (Supreme Court of India) Specific Role of Director Need Not Be Detailed in Cheque Dishonour Complaint: Supreme Court Clarifies Vicarious Liability u/s 141 of NI Act The petition was filed to challenge the judgment passed by Hon’ble Bombay HC whereby the proceedings have been quashed on the ground that there were no sufficient averments in the complaint filed by the appellant to invoke the vicarious liability against the respondent No. 2 under Section 141 of the NI Act. Hon’ble SC have held that that there is no obligation on the c...