Bajaj Auto Limited vs Rajendra Kumar Jagannath Kathar & Ors

The Supreme Court ruled that under Section 138 of the Negotiable Instruments Act, the drawer of a cheque is liable for prosecution if the cheque is dishonored due to insufficient funds, provided that the payee has issued a notice within the stipulated time frame. The Court emphasized that the requirement of sending a notice is mandatory and failure to do so would render the complaint untenable. The appeal was dismissed, affirming the lower court's conviction of the appellant for dishonoring the cheque.