S. 141 NI Act | Non-Executive & Independent Company Directors Not Liable For Cheque's Dishonour Unless Their Direct Involvement Shown : Supreme Court

The Supreme Court ruled that non-executive independent company directors are not liable for cheques dishonor under Section 141 of the NI Act, unless their direct involvement is shown. This decision clarifies the liability of independent directors. It underscores the importance of proving direct involvement. This ruling reflects the court's emphasis on legal principles. It emphasizes the need for clear guidelines. The ruling aims to ensure fair application of the law.