In which of the following cases the Supreme Court held that the provisions of Section 141 of the…
The proposition that s.141 NI Act does not make prosecution of the company a sine qua non for prosecuting other persons, the liability of directors and officers being…
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In which of the following cases the Supreme Court held that the provisions of Section 141 of the Negotiable Instruments Act, 1881 do not contain a condition that the prosecution of a company is sine qua non for prosecution of other persons. The liability of the Directors/Officers etc. is vicarious and will flow from the liability of the company/firm.
Answer and explanation
Correct answer D
The proposition that s.141 NI Act does not make prosecution of the company a sine qua non for prosecuting other persons, the liability of directors and officers being vicarious and flowing from the company's liability, was held in "Mohd. Isaq Gulsani v. Rajamouli", reflecting the position prior to Aneeta Hada v. Godfather Travels and Tours.
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