Supreme Court · 1999 INSC 531 · Decided 26 November 1999
Anil Hada v. Indian Acrylic Limited
- Court
- Supreme Court of India
- Citation
- 1999 INSC 531 · [1999] SUPP. 5 S.C.R. 6
- Case number
- CRIMINAL APPEAL No. 1258/1999
- Decided
- 26 November 1999
- Bench
- K.T. THOMAS, D.P. MOHAPATRA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Criminal
- Acts & sections cited
- NI Act Section 138, 141
Headnote
' .. v, INDIAN ACRYLIC LIMITED NOVEMBER 26, 1999 --B [K.T. THOMAS AND D.P. MOHAPATRA. JJ.] Negotiable Instruments Act-Sections 138, 141-Dishonoured Cheques-By legal fiction, Section 141 of the Act casts a penal liability on c the officers/directors of a company even though it is the company offence, prosecution of the company itself is not necessary for starting proceedings against the directors or other officers- Ever if the company is not prosecuted for any legal hurdle or otherwise, the D directors/officers can be prosecuted and they can defend and deny the allegation-The legal
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