Kamalkishor Shrigopal Taparia vs India Ener-Gen Private Limited 2025 INSC 223 - Ss. 138,141 NI Act - Non-Executive Director Not Liable

Negotiable Instruments Act, 1881 - Section 138,141- Mere designation as a director does not conclusively establish liability under Section 138 read with section 141 of the NI Act. Liability is contingent upon specific allegations demonstrating the director’s active involvement in the company’s affairs at the relevant time - Only those who are responsible for the day- to-day conduct of business can be held accountable. (Para 15) Non-executive directors cannot be held liable under section 138 NI Act unless specific evidence proves their active involvement. (Para 19) [Complaint quashed]