Company is the drawer of the cheque and the authorised signatory is merely a limb that signs the cheque
Section 138 N.I Act: Closure of the bank accounts within a few weeks of issuance of the cheque raises serious questions about the conduct and intent of the respondent
Section 141 N.I Act: Unless assertions are made, vicarious liability of the Directors of the first accused company is not attracted
Interim Compensation (section 143A N.I Act): Broader interpretation that Authorized signatory is accountable for sections 143A and 148 N.I Act would lead to unjust liability and not supported by the statute
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