Legal Question in Criminal Law in India

I was joined as a Director in Feb 2015. Old Directors are continuing in the Board. The company issued cheques for a raw material supplier against supply of goods to the company which the transaction was taken place before my joining in to the company. During the process of availing new sanction of loans from the banks, the supplier warned me to replace the cheques otherwise he wish to distrub the loan process by depositing the cheques earlier issued. Accordingly he deposited the cheques and cheques were bounced. Due to his harassment I issued new cheques duly singed by me and old director in place of old cheques issued before my joining. The new cheques are also bounced. Due to his activity only our loan was not released. He filed cheques bounce case against the company and the authorised signatories myself and another old director. After the case was filed I was resigned from the company on execution of an agreement between myself and the old directors and they stated in the agreement that the legal issues with regard to the suppliers will be settled by themselves as they have taken 100% ownership from me. The court summoned to attend the case under ni act. what will be my legal position and protection in this case as accused. After my resignation another director entered in to the company and in whose name the case was not filed. present directors are not representing the company and the burden is on me. What to do? please advise me.

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