D.D. Vaishnav vs State Of M.P. & Ors

The Supreme Court ruled that the provisions of Section 138 of the Negotiable Instruments Act, 1881, impose a strict liability on the drawer of a cheque in case of dishonor due to insufficient funds. The Court emphasized that the notice of dishonor must be served within 30 days of the receipt of information regarding the dishonor, and failure to do so would bar the complaint. The Court upheld the conviction of the accused under Section 138, affirming the importance of adhering to procedural requirements in cheque bounce cases.