https://www.taxtmi.com/caselaws?id=109789 For an offence under section 138, the cheque must be presented to the bank on which it is drawn within the statutory period. Presentation through an intermediary bank does not satisfy the requirement where the cheque reaches the drawer's bank after limitation expires. The court held that the holder must act with commercial prudence and allow for banking transit time. Because the cheques were routed in a manner that caused delayed presentation beyond the permissible period, the complaints were unsustainable and the Magistrate's process was quashed. en-us Thu, 27 Feb 2003 00:00:00 +0530 Wed, 11 Apr 2012 18:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109789 For an offence under section 138, the cheque must be presented to the bank on which it is drawn within the statutory period. Presentation through an intermediary bank does not satisfy the requirement where the cheque reaches the drawer's bank after limitation expires. The court held that the holder must act with commercial prudence and allow for banking transit time. Because the cheques were routed in a manner that caused delayed presentation beyond the permissible period, the complaints were unsustainable and the Magistrate's process was quashed. Case-Laws Companies Law Thu, 27 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109789