https://www.taxtmi.com/caselaws?id=281443 The Supreme Court upheld the maintainability of a complaint under Section 138 of the Negotiable Instruments Act, emphasizing the need to file the complaint within one month of the failure to make payment after the second notice. The Court clarified that subsequent notices do not reset the timeline for filing a complaint. It also deemed the first notice demanding payment under the cheque as valid, meeting the requirements of the Act. Additionally, the Court directed the appellant to furnish a bank guarantee during the civil suit proceedings to secure the disputed amount. en-us Tue, 14 Sep 2004 00:00:00 +0530 Wed, 19 Jun 2019 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281443 The Supreme Court upheld the maintainability of a complaint under Section 138 of the Negotiable Instruments Act, emphasizing the need to file the complaint within one month of the failure to make payment after the second notice. The Court clarified that subsequent notices do not reset the timeline for filing a complaint. It also deemed the first notice demanding payment under the cheque as valid, meeting the requirements of the Act. Additionally, the Court directed the appellant to furnish a bank guarantee during the civil suit proceedings to secure the disputed amount. Case-Laws Indian Laws Tue, 14 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281443