OM PRAKASH SRIVASTAVA vs UNION OF INDIA THR. C.B.I. & 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, making them liable for 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 judgment clarified the procedural requirements for filing a complaint under Section 138, reinforcing the need for adherence to statutory timelines.