Cheque Bounce: Notice Not Invalid If Other Amount is Separately Mentioned Along With Cheque Amount, Rules Allahabad HC

In a groundbreaking judgment, the Allahabad High Court has settled the controversy surrounding the validity of demand notices under Section 138 of the Negotiable Instruments Act (NI Act) when other amounts are separately indicated alongside the cheque amount.  The case at hand involved Prashant Chandra, the applicant, who received a cheque worth Rs. 50 lakhs

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