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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
Call For Paper - Volume 12 | Issue 7 | Month- July 2024
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Published Paper Details:
Paper Title
Vicarious Liability of Directors and Signatories under the Negotiable Instruments Act in the Context of Insolvency and Bankruptcy Code: A Critical Analysis
Authors
Dr. Shwetta Bajaj
Keywords
Key Words: Vicarious Liability, Negotiable Instruments Act, Insolvency and Bankruptcy Code
Abstract
This research article delves into the intricate legal landscape concerning the vicarious liability of directors and signatories under section 138 of the Negotiable Instruments Act, 1881 (NI Act), juxtaposed with the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC). Through a critical analysis of judicial precedents, including Aneeta Hada v Godfather Travels & Tours (P) Ltd and Ajay Kumar Radheyshyam Goenka v Tourism Finance Corporation of India Ltd, this paper explores the nuanced interplay between these two statutes. It argues that while the IBC provides for the discharge of corporate debtor liabilities, the vicarious liability of directors and signatories remains unaffected, thus ensuring accountability and ethical corporate practice.
IJCRT's Publication Details
Unique Identification Number - IJCRT24A4942
Paper ID - 258949
Page Number(s) - q873-q879
Pubished in - Volume 12 | Issue 4 | April 2024
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Dr. Shwetta Bajaj, "Vicarious Liability of Directors and Signatories under the Negotiable Instruments Act in the Context of Insolvency and Bankruptcy Code: A Critical Analysis", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 4, pp.q873-q879, April 2024, Available at :http://www.ijcrt.org/papers/IJCRT24A4942.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
ISSN and 7.97 Impact Factor Details
ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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