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Supreme Court of India

National Small Industries Corp. Ltd. v. Harmeet Singh Paintal and Anr.

Neutral citation
Bench P. Sathasivam and H.L. Dattu JJ.
Decided 15 February 2010

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

29 Supreme Court benches have cited this judgment.

From the headnote

Negotiable Instruments Act, 1881: ss.138, 141 - Vicarious liability of Directors of a Company - Held: Director of a Company who is not in-charge of and is not responsible for the conduct of the business of the company would not be liable for a criminal offence under s.138 - s.141 is a penal provision creating vicarious liability, and must be strictly construed - Complaint under s. 138 must spell out as to how and in what manner the accused-director was in-charge of or was responsible to the accused company for the conduct of its business - If averments made against accused-Directors are…

Authorities it was built on

Where later benches applied it

Of those, 9 relied on · 1 distinguished · 5 referred to · 14 mentioned

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