S.141 NI Act | 'Director Who's In Charge Of Company' & 'Director Who's Responsible To Company' Are Different Aspects: Supreme Court

The Supreme Court delivered a judgment on the liability of a company director in a cheque dishonor case under Section 141 of the NI Act. This judgment clarifies the circumstances under which directors can be held liable for cheque dishonor. It provides guidance to businesses and directors on their responsibilities in such situations. The ruling aims to balance the interests of creditors with the need to protect directors from undue liability.