Thursday, November 7, 2019

In case of cheque dishonoring even if a firm is not prosecuted, its partners can't escape vicarious liability

FEMA, BANKING & INSURANCE LAWS : Where a construction firm issued cheques to respondent-contractor which were dishonoured, even if firm could not be prosecuted, its partners could not escape liability; such a liability is created through legal fiction envisaged under section 141

from www.taxmann.com Latest Case Laws https://ift.tt/2CmGc3q
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