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Ashutosh Ashok Parasrampuriya v. Gharrkul Industries Pvt. Ltd.

Negotiable Instruments Act, 1881 – Whether the role of the appellants in the capacity of the Director of the defaulter company makes them vicariously liable for the activities of the defaulter Company as defined under Section 141 of the NI Act? In that perception, whether the appellant had committed the offence chargeable under Section 138 of the NI Act?