None
EN
Section 141 NI Act Inapplicable To Sole Proprietorships; Family Members Can't Be Prosecuted As 'Partners': Calcutta High Court
['Srinjoy Das', 'Srinjoy Das Is A Principal Correspondent With Livelaw', 'Covering The Calcutta High Court']
Supreme Court - High Court - Legal Breaking News | Live Law India
The Calcutta High Court has held that the vicarious liability provision under Section 141 of the Negotiable Instruments Act, 1881 cannot be invoked against family members of the proprietor of a sole proprietorship concern, reiterating that a sole proprietorship has no separate legal identity and is outside the ambit of the provision.The Court further held that criminal liability under Section...