Complaint Not Maintainable If Demand Notice Didn’t Mention Exact Cheque Amount- S.138 NI Act- Typo Error No Defence- Supreme Court
Introduction Cheque bounce cases form a significant portion of litigation in India, and Section 138 of the Negotiable Instruments Act, 1881 (NI Act) ensures the credibility of commercial dealings by penalising dishonour of cheques & requiring a Legal demand Notice. Recently, the Hon’ble Supreme Court of India, in Kaveri Plastics v. Mahdoom Bawa Bahruden Noorul,…