- Vasanth Rajasekaran and Harshvardhan Korada - 08-10-2021
The Hon'ble Supreme Court in a recent case in Ravindranatha Bajpe v. Mangalore Special Economic Zone Ltd. and Ors. Etc.1, held that the chairman, directors, and other key managerial personnel of a company cannot be automatically held vicariously liable for the offences committed by a company unless specific allegations and averments against them are made with respect to their individual role. In this article, we navigate through the facts and findings of the aforesaid judgment.
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