Section 141 NI Act | Executive Director Can't Be Prosecuted For Cheque Dishonour If Company Isn't Made An Accused: Orissa HC Reaffirms

The Orissa High Court has ruled that a company's Executive Director is not vicariously liable in a cheque bounce case under Section 138 of the Negotiable Instruments Act. This decision clarifies the legal principles governing vicarious liability in cheque bounce cases. The court's ruling emphasizes the importance of considering the specific circumstances of each case. This judgment provides guidance on the interpretation and application of Section 138 NI Act.