https://www.taxtmi.com/caselaws?id=761932 The Delhi HC quashed a criminal complaint filed under Section 138 NI Act for being time-barred. The court held that service of demand notice on the accused company on 11.03.2022 constituted effective service on its directors as well under Section 141 NI Act. The complaint filed on 28.04.2022 exceeded the limitation period prescribed under Section 142(b) without any application for condonation of delay. The complainant's subsequent explanation about filing and withdrawing an earlier complaint in Gurugram court was not available when cognizance was taken on 02.08.2022, making it inadmissible for limitation purposes. The HC set aside the trial court's order taking cognizance and allowed the petition. en-us Mon, 18 Nov 2024 00:00:00 +0530 Thu, 21 Nov 2024 08:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761932 The Delhi HC quashed a criminal complaint filed under Section 138 NI Act for being time-barred. The court held that service of demand notice on the accused company on 11.03.2022 constituted effective service on its directors as well under Section 141 NI Act. The complaint filed on 28.04.2022 exceeded the limitation period prescribed under Section 142(b) without any application for condonation of delay. The complainant's subsequent explanation about filing and withdrawing an earlier complaint in Gurugram court was not available when cognizance was taken on 02.08.2022, making it inadmissible for limitation purposes. The HC set aside the trial court's order taking cognizance and allowed the petition. Case-Laws Indian Laws Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761932