https://www.taxtmi.com/caselaws?id=105472 The court held that the notice requirements under section 138 of the Negotiable Instrument Act must be strictly adhered to for initiating legal proceedings in cases of dishonored cheques. The judgment emphasized that a notice issued under the Companies Act provisions does not fulfill the specific demands of section 138. It clarified that creating successive causes of action with the same cheque is impermissible and highlighted the importance of issuing a demand notice within the statutory fifteen-day period upon receiving information about dishonor. Failure to comply within this timeline precludes the establishment of a valid cause of action. en-us Tue, 17 Jul 2001 00:00:00 +0530 Sat, 23 Nov 2013 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105472 The court held that the notice requirements under section 138 of the Negotiable Instrument Act must be strictly adhered to for initiating legal proceedings in cases of dishonored cheques. The judgment emphasized that a notice issued under the Companies Act provisions does not fulfill the specific demands of section 138. It clarified that creating successive causes of action with the same cheque is impermissible and highlighted the importance of issuing a demand notice within the statutory fifteen-day period upon receiving information about dishonor. Failure to comply within this timeline precludes the establishment of a valid cause of action. Case-Laws Companies Law Tue, 17 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105472