No need to disclose the nature of the transaction that led to the cheque’s issuance in Section 138 cases

Answering a reference made to it, Kerala High Court has ruled that a demand notice u/s 138 of Negotiable Instruments Act need not mention the nature of the transaction that leads to the issuance of the cheque. The bench comprising Hon’ble Justice K Vinod Chandran and Hon’ble MR Anitha held that the Negotiable Instruments Act

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