HC stops trial against petitioners in cheque dishonouring case as they were not directors at time of issue of cheque

FEMA, BANKING & INSURANCE : Where on date offence under section 138 was deemed to have been committed due to dishonour of cheque dated 22-10-2018, petitioners were not Directors in accused no. 1 company and they could not be held responsible for conduct of its affairs and for that matter, for issuance and dishonour of cheques under reference Hence, if criminal proceeding was allowed to proceed against petitioners, it would amount to abuse of process of Court resulting in prejudice to petitioners

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