Negotiable Instruments Act, 1881
Sections 138 & 141—Dishonour of cheque—Liability of director—A director, who has resigned before issuance of cheque by the company, not liable for dishonour of cheque—Complainant has not placed any material on record indicating complicity of appellants in the alleged crime—All criminal proceedings pertaining to the instant appellant (s) arising out of the complaints filed by the respondent are quashed—Appeal allowed.
[Paras 4, 8 to 11]