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february 2011

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.

MOUSUMI DUTTA vs INDIA BULLS FINANCIAL SER.LTD. · Niyam