For invoking vicarious liability under Section 141 of the NI Act, a complaint must contain factual averments demonstrating that the accused was in charge of and responsible for the company’s business, not necessarily using the exact words of the statute.
2025 INSC 759 SUPREME COURT OF INDIA DIVISION BENCH HDFC BANK LIMITED Vs. STATE OF MAHARASHTRA AND ANOTHER ( Before : Manoj Misra and K. V. Viswanathan, JJ. ) Criminal…