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    <title>2024 (2) TMI 1245 - DELHI HIGH COURT</title>
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    <description>Section 138 of the Negotiable Instruments Act requires the statutory demand notice to call for the cheque amount, i.e. the &quot;said amount of money&quot; under proviso (b). A notice may still remain valid if it also includes severable ancillary claims such as interest or costs, but the principal demand must be correctly identified. Here, the notice demanded an amount higher than the cheque value without explaining the excess, and the Court treated this as non-compliance with the statutory requirement. A claimed typographical error did not cure the defect because criminal liability under Section 138 is strictly construed. The complaint was therefore held not maintainable and the proceedings were quashed.</description>
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    <pubDate>Mon, 26 Feb 2024 00:00:00 +0530</pubDate>
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      <title>2024 (2) TMI 1245 - DELHI HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=450094</link>
      <description>Section 138 of the Negotiable Instruments Act requires the statutory demand notice to call for the cheque amount, i.e. the &quot;said amount of money&quot; under proviso (b). A notice may still remain valid if it also includes severable ancillary claims such as interest or costs, but the principal demand must be correctly identified. Here, the notice demanded an amount higher than the cheque value without explaining the excess, and the Court treated this as non-compliance with the statutory requirement. A claimed typographical error did not cure the defect because criminal liability under Section 138 is strictly construed. The complaint was therefore held not maintainable and the proceedings were quashed.</description>
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      <pubDate>Mon, 26 Feb 2024 00:00:00 +0530</pubDate>
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