Recently, the Allahabad High Court stated that payee’s right to institute proceedings remains legally enforceable for one month from the date on which cause of action has arisen. The bench of Justice Dr. Yogendra Kumar Srivastava was dealing with the petition challenging the order under Section 138 of the Negotiable Instruments Act, 1881, in terms
Section 138 of NI Act | Payee’s Right to Institute Proceedings Remains Legally Enforceable for One Month From the Date on Which Cause of Action Has Arisen: Allahabad HC
