The Supreme Court ruled last week that prosecution for issuing a cheque which was dishonoured for want of credit in the bank can be initiated only against the person who issued the cheque and not against the company or directors who were not aware of it.
2 Replies
ars
(CS)
(445 Points)
Replied 03 August 2010
could u pl. attach the scanned copy of ruling or inform the case no.
vivek
(CS)
(751 Points)
Replied 04 August 2010
Please go through the below thread;-
/forum/directors-not-responsible-for-dishonoured-cheque-96707.asp
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