Supreme Court rules that insolvency resolution of a company will not extinguish director's liability under Section 138 of the NI Act

The Supreme Court has ruled that the insolvency resolution of a company will not extinguish a director’s liability under Section 138 of the Negotiable Instruments (NI) Act. The ruling came in response to a case where a director of a company had issued a cheque that had bounced. The director Read more…