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DELHI HIGH COURT
SWARANA KANTA SHARMA
Prakash Chand – Appellant
Versus
State – Respondent
| Table of Content |
|---|
| 1. petition under section 482 seeks quashing of summons and complaint. (Para 1 , 2) |
| 2. arguments for quashing based on lack of specific involvement. (Para 3 , 4 , 5) |
| 3. counterarguments regarding director's liability. (Para 6 , 7) |
| 4. legal provisions relevant to vicarious liability. (Para 8 , 9) |
| 5. judicial interpretations of section 141 ni act. (Para 10 , 11 , 12) |
| 6. further judicial clarifications on director's liability. (Para 13 , 14 , 15 , 16) |
| 7. insufficient averments against non-executive directors leading to quashing. (Para 17 , 18 , 19 , 20 , 21 , 22) |
| 8. final order quashing summons to the petitioner. (Para 23 , 24) |
JUDGMENT
Swarana Kanta Sharma, J.
1. By way of the present petition filed under Section 482 of the Criminal Procedure Code, 1973, the petitioner seeks quashing of the summoning order dated 28.11.2018 passed by then Metropolitan Magistrate-04, Patiala House Courts, Delhi and the Criminal Complaint no. 16201/2017 titled as "PEC Ltd. v. M/s KS Oil Ltd. & Ors." and all its consequent proceeding pending in the court of MM-04 (NI Act), or any successor court at Patiala House Courts, New Delhi.
2. Briefly stated, facts of the case, leading to the fling of
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