https://www.taxtmi.com/caselaws?id=111310 The Supreme Court upheld the High Court's decision to quash criminal proceedings due to a partnership firm's failure to serve a valid notice under section 138 of the Negotiable Instruments Act. The appellant's notice demanding the total outstanding amount, rather than specifically the cheque amount, did not comply with statutory requirements. The court emphasized that a valid notice must demand payment of the cheque amount within 30 days of dishonor. As the appellant's notice did not meet these requirements, the appeal was dismissed, affirming the quashing of criminal proceedings. en-us Fri, 02 Nov 2007 00:00:00 +0530 Sat, 25 Dec 2021 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111310 The Supreme Court upheld the High Court's decision to quash criminal proceedings due to a partnership firm's failure to serve a valid notice under section 138 of the Negotiable Instruments Act. The appellant's notice demanding the total outstanding amount, rather than specifically the cheque amount, did not comply with statutory requirements. The court emphasized that a valid notice must demand payment of the cheque amount within 30 days of dishonor. As the appellant's notice did not meet these requirements, the appeal was dismissed, affirming the quashing of criminal proceedings. Case-Laws Companies Law Fri, 02 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111310