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Indian Laws - Highlights / Catch Notes

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Dishonor of cheque u/s 138 - validity of statutory demand notice ...

Indian Laws

December 14, 2022

Dishonor of cheque u/s 138 - validity of statutory demand notice - The legal notice is not confined to the cheque amount. The respondents have not specifically asked for the payment of cheque amount within the stipulated period within the mandate of section 138 of NI Act. The cheque amount is not separately mentioned and identifiable from entire outstanding amount - Impugned order and proceedings quashed. - HC

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