Proceedings against non-executive directors were quashed as they weren't responsible for conducting affairs of co.

FEMA & BANKING: Where proceedings under section 141 were initiated against petitioners i.e. directors of company 'A', for issuing cheques which got dishonoured, in view of fact that petitioners were non-executive directors not responsible for day to day affairs of company 'A', proceedings initiated against than deserved to be quashed

from www.taxmann.com Latest Case Laws http://bit.ly/2DBA2xJ