The Supreme Court has held that a Magistrate cannot take cognizance of a complaint under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) if it is filed beyond the limitation period, unless the delay is first condoned. Setting aside a Karnataka High Court order, the Apex Court quashed a complaint where cognizance was
[NI ACT 138] Delay Must Be Condoned Before Taking Cognizance in Cheque Bounce Cases: Supreme Court
