NI Act 138 | Separate Cause of Action Arises Upon Each Dishonour; Multiple Cheques from One Transaction Do Not Merge into Single Cause of Action: Supreme Court

The Supreme Court of India has held that the dishonour of separate cheques issued in relation to the same underlying transaction gives rise to distinct causes of action under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). The Court ruled that multiple complaints arising from such distinct instruments cannot be quashed at the

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