M/S. Munoth Investments Ltd vs M/S. Puttukola Properties Ltd. & Anr

The Supreme Court held that under Section 138(b) of the Negotiable Instruments Act, 1881, the fifteen-day notice period for the payee to demand payment begins from the receipt of information regarding the cheque's return as unpaid. The Court found that the High Court erred in quashing the complaint without considering evidence that the complainant was informed of the dishonour only on 17th January 1994 due to Pongal holidays. Consequently, the Supreme Court set aside the High Court's order and directed the trial court to proceed with the case as per law.