The Supreme Court of India, in a significant ruling, has held that a court cannot take cognizance of a complaint filed under Section 138 of the Negotiable Instruments Act, 1881, beyond the statutory limitation period unless the complainant files a specific application seeking condonation of delay and provides sufficient reasons for it. The Court quashed
Filing Application Mandatory for Condonation of Delay in Section 138 NI Act Complaints: Supreme Court
