The Gauhati High Court held that a cheque bounce notice 'advising' payment can constitute a valid demand under Section 138 of the Negotiable Instruments Act if it clearly requires the drawer to pay.
Read Full ArticleSupreme Court rules that Section 139 NI Act presumption cannot be rebutted through pre-trial enquiry under Section 482 CrPC; trial evidence required.
SC quashes cheque dishonour complaint filed 5 days late, rules 30-day limit under NI Act is mandatory and delay needs proper condonation process.
Judiciary
Judiciary