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Sangeetha Gopalkrishnan Nair vs State Of Gujarat on 8 November, 2023 cites

Pooja Ravinder Devidasani vs State Of Maharashtra & Ors on 17 December, 2014

32. The Hon'ble Supreme Court, in the case of Pooja Ravinder Devidasani v. State of Maharashtra, (2014) 16 SCC 1, had held that even though non-executive Director is a custodian of the governance of a company but is not involved in the day-to-day affairs of the running of its business and only monitors the executive activity. A company may have a number of Directors, however, not all of them could be subjected to the prosecution only on the statement that they are in-charge of and are responsible for Page 15 of 22 Downloaded on : Fri Nov 10 20:56:29 IST 2023 NEUTRAL CITATION R/CR.MA/20834/2019 JUDGMENT DATED: 08/11/2023 undefined the conduct of the business of the company. In the absence of any specific role being assigned to the Director, who is otherwise a non-executive Director, no vicarious liability can be assigned.
Supreme Court of India Cites 16 - Cited by 321 - N V Ramana - Full Document
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