Status of directorship of retired director who issued fraudulent cheque have to be tested at trial
Last updated: 16 August 2021
Court :
Delhi High Court
Brief :
In Maj. Surendra Kumar Hooda (retd.) V. Kapil Gupta the Hon'ble Delhi High Court held that, the correctness of the allegations against the Director who has already resigned on the date of presentation of postdated cheques issued by the Director of the Company for exercising Buy Back Option which were returned unpaid have to be tested at trial.
Citation :
CRL.M.C. 1779/2020 & CRL.M.A.12423/2020, CRL.M.C. 1782/2020 & CRL.M.A.12458/2020, CRL.M.C. 1783/2020 & CRL.M.A. 12460/2020, CRL.M.C. 1784/2020 & CRL.M.A. 12462/2020 decided on February 08, 2021
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Bimal Jain
Published in LAW
Views : 154
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