Supreme Court · 2007 INSC 771 · Decided 20 July 2007
K. Srikanth Singh v. M/S. North East Securities LTD. and ANR.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 771 · [2007] 8 S.C.R. 452
- Case number
- CRIMINAL APPEAL No. 919/2007
- Decided
- 20 July 2007
- Bench
- S.B. SINHA, H.S. BEDI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
- Acts & sections cited
- CrPC Section 482; NI Act Section 138, 141
Headnote
Negodable Instruments Act, 1881; Ss. 138 and 141: Complaint against a company and its directors for committing offence C u/s. 138 of the Act-One of the directors filing a petition u/s. 482 Cr. P. C. for quashing the proceedings-Dismissed by High Court-On appeal, Held: For showing vicarious was responsible for conducting the · business of the company-No such a/legation made by the complainant- D Merely because the accused-director participated in negotiations for ·obtaining finance from the complainant, it cannot be said that he was responsible for day to day
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