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Target Overseas Exports (P) Ltd. vs Iqbal on 14 February, 2005

9. A similar view has also been earlier taken by this Court in the judgments in Target Overseas Exports (P) Ltd. V. Iqbal reported in 2005 KHC 530 and Susan Zachariah and others v. M/s.Muthoot Capital Services Ltd. and another reported in 2012 (3) KHC 870, etc. that once under Section 138 proviso (b) statutory notice has been issued to the drawer Company, there is no necessity to issue separate notices to the individual directors who was sought to be vicariously liable for the action of the Company in question, etc.
Kerala High Court Cites 11 - Cited by 7 - R Basant - Full Document

Mr. B. Raman, Mr. B. Ramesh And Mr. B. ... vs Shasun Chemicals And Drugs Ltd., Rep. By ... on 29 August, 2006

Madras High Court in the case Raman v. Shashun Chemicals reported in 2006 Crl.L.J. 4552 had taken a contra position and the said view of the judgment of the Madras High Court has also been referred to in paragraph 4 of the Crl.M.C.No.3955/2013 :8: judgment of the Apex Court in Kirshna Texport & Capital Markets Ltd. v. Ila A.Agrawal and others (Supra) and the said view of the Madras High Court has not been accepted by the Supreme Court, etc.
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