Supreme Court of India · 2011-02-01
MOUSUMI DUTTA vs INDIA BULLS FINANCIAL SER.LTD.
- Citation / case number
- SC 2010/60324
- Court
- Supreme Court of India
- Petitioner
- MOUSUMI DUTTA
- Respondent
- INDIA BULLS FINANCIAL SER.LTD.
- Author
- HARJIT SINGH BEDI,CHANDRAMAULI KR. PRASAD, , ,
- Bench
- HARJIT SINGH BEDI,CHANDRAMAULI KR. PRASAD, , ,
Judgment text excerpt
The Supreme Court ruled that the provisions of Section 138 of the Negotiable Instruments Act, 1881, require a clear and unambiguous notice to be served upon the drawer of the cheque before initiating proceedings. The Court emphasized that the notice must specify the amount due and the reason for the dishonor of the cheque. Failure to comply with this requirement renders the complaint under Section 138 untenable, leading to the dismissal of the case against the accused.