Dispute of cheque bounce by non-executive directors is a matter of trial, couldn’t be adjudicated by HC u/s 482 of CrPC: SC

FEMA, BANKING amp; INSURANCE : Where appellant-directors of company filed petition before High Court seeking quashing of complaint against them filed under section 138 on ground that they were non-executive directors not responsible for day-to-day affairs of company, since, fact raised by appellants by way of defence was a matter of trial, High Court had rightly not interfered in exercise of its jurisdiction under section 482 CrPC for quashing of complaint

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317429/dispute-of-cheque-bounce-by-non-executive-directors-is-a-matter-of-trial-couldn’t-be-adjudicated-by-hc-us-482-of-crpc-sc.aspx