Back
VENKATA JYOTHIRMAI PRATAPA
Rayani Srinivasa Rao – Appellant
Versus
State of Andhra Pradesh – Respondent
JUDGMENT /ORDER :
The instant petition under Section 482 of Code of Criminal Procedure, 1973 (for short 'Cr.P.C.'), has been filed by the petitioner/accused No.3, seeking to quash the proceedings against him in CC No.2332 of 2020 on the file of the Court of V Additional Judicial Magistrate of First Class (Junior Civil Judge), Guntur, which was registered for the offence punishable under Sections 138 and 142 of the Negotiable Instruments Act,1881 (for short 'the Act').
2. The facts that led to filing of the present petition, in brief, are as follows :
(b) To meet the business necessities, accused No.1, represented by accused No.2 opened a Khata on 07.09.2019 and purchased cotton seed hulls from the complainant Company-Sri Raja Rajeswari Cotton Traders, which deals with the business in sale and supply of cotton seed hulls, cotton lint and maize. Subsequently accused No.1 also purchased cotton lint and maize from the complainant on credit and all the said transactions were duly entered in the said Khata.
(c) On repeated requests, on 21.11.2019,
Vicarious liability applies to partners in a firm under Section 141 of the Negotiable Instruments Act, making them accountable for cheques issued by the firm, irrespective of individual management in....
Vicarious liability under Section 141 of the Negotiable Instruments Act applies to managing partners, making them liable for dishonoured cheques issued by the firm.
Vicarious liability under the N.I. Act requires the company to be a party; absence of the company invalidates proceedings against the individual.
The main legal point established in the judgment is the requirement for specific averments to establish vicarious liability of partners in a partnership firm under Section 138 of the NI Act and the n....
Directors can be held vicariously liable for offenses committed during their tenure, even if they resign before legal proceedings commence.
The court emphasized that the specific allegations and knowledge of the accused are crucial in determining liability under Section 138 of the Negotiable Instrument Act.
A complaint under Section 138 of the Negotiable Instruments Act is not maintainable if the Partnership Firm, which issued the cheques, is not made an accused.
Prosecution under Section 138 of the N.I. Act is not maintainable against signatories of a cheque unless the firm, as the drawer, is also arraigned as an accused.
The court quashed proceedings against a former director for cheque dishonor, ruling that allegations did not establish an offense post-resignation, emphasizing the need to prevent abuse of legal proc....
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
