IN THE SUPREME COURT OF INDIA
CRIMINAL APPELLATE JURISDICTION
CRIMINAL APPEAL NO.2228 OF 2014
[Arising out of Special Leave Petition (Crl.) No.1724 of 2013]
Gunmala Sales Private Ltd…. Appellants
Vs.
Anu Mehta & Ors…………. Respondents
In these appeals, the concern was with the question as to whether the High Court was justified in quashing the proceedings initiated by the Magistrate on the ground that there was merely a bald assertion in the complaint filed under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881 (“the NI Act”) that the Directors were at the time when the offence was committed in charge of and responsible for the conduct and day-to-day business of the accused-company which bald assertion was not sufficient to maintain the said complaint…….read more