Rajesh Viren Shah vs Redington (India) Limited
Judges (2)
Case Significance
Rajesh Viren Shah vs Redington (India) Limited is a Supreme Court of India decision dated February 14, 2024 (citation: insc-2024-111). Two former directors of Redington India appealed their prosecution under Section 138 of the Negotiable Instruments Act for dishonoured cheques. The Supreme Court quashed the proceedings, holding that the directors had resigned before the cheques were issued, as evidenced by Form 32 filings, and therefore could not be held liable for the company's conduct during a period when they were no longer associated with it. The bench comprised Justices B.R. Gavai and Sanjay Karol. The judgment was delivered by Justice Sanjay Karol.
Summary
Two former directors of Redington India appealed their prosecution under Section 138 of the Negotiable Instruments Act for dishonoured cheques. The Supreme Court quashed the proceedings, holding that the directors had resigned before the cheques were issued, as evidenced by Form 32 filings, and therefore could not be held liable for the company's conduct during a period when they were no longer associated with it.
What was the outcome of Rajesh Viren Shah vs Redington (India) Limited?
Two former directors of Redington India appealed their prosecution under Section 138 of the Negotiable Instruments Act for dishonoured cheques. The Supreme Court quashed the proceedings, holding that ...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-111)