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    <title>1998 (8) TMI 541 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=124771</link>
    <description>SC held that for an offence under S.138 NI Act, &quot;cause of action&quot; under S.142(b) arises only once: on the drawer&#039;s failure to pay within 15 days of receipt of statutory notice following dishonour. Although the payee may present the cheque repeatedly, each dishonour merely gives a fresh right to present again, not a fresh cause of action for prosecution. The limitation of one month for filing the complaint must be computed from the expiry of the 15-day period after the first valid notice. As the complainant failed to act on the original cause of action, the appeal was dismissed.</description>
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    <pubDate>Fri, 28 Aug 1998 00:00:00 +0530</pubDate>
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      <title>1998 (8) TMI 541 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=124771</link>
      <description>SC held that for an offence under S.138 NI Act, &quot;cause of action&quot; under S.142(b) arises only once: on the drawer&#039;s failure to pay within 15 days of receipt of statutory notice following dishonour. Although the payee may present the cheque repeatedly, each dishonour merely gives a fresh right to present again, not a fresh cause of action for prosecution. The limitation of one month for filing the complaint must be computed from the expiry of the 15-day period after the first valid notice. As the complainant failed to act on the original cause of action, the appeal was dismissed.</description>
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      <pubDate>Fri, 28 Aug 1998 00:00:00 +0530</pubDate>
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