https://www.taxtmi.com/caselaws?id=293661 The court ruled that the complaint under Section 138 of the Negotiable Instruments Act was not maintainable because the debt was time-barred and no acknowledgment was made within the limitation period to revive the liability. Consequently, the summoning order dated 21.01.2008 was deemed unsustainable based on the Apex Court's precedent that penal provisions under Section 138 do not apply to cheques issued for time-barred debts. The petition was allowed, leading to the quashing of the complaint dated 13.12.2007 and all related proceedings. Applications Crl. M.A. Nos. 6167/2008 and 12878/2008 were disposed of accordingly. en-us Fri, 24 Apr 2009 00:00:00 +0530 Wed, 18 Oct 2023 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293661 The court ruled that the complaint under Section 138 of the Negotiable Instruments Act was not maintainable because the debt was time-barred and no acknowledgment was made within the limitation period to revive the liability. Consequently, the summoning order dated 21.01.2008 was deemed unsustainable based on the Apex Court's precedent that penal provisions under Section 138 do not apply to cheques issued for time-barred debts. The petition was allowed, leading to the quashing of the complaint dated 13.12.2007 and all related proceedings. Applications Crl. M.A. Nos. 6167/2008 and 12878/2008 were disposed of accordingly. Case-Laws Indian Laws Fri, 24 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293661