SC Quashes Cheque Bounce Case, Says Omnibus Demand in Notice U/Sec 138 NI Act is InvalidĀ 

Recently, the Supreme Court stated that in a notice of demand made under the N.I. Act demand shall not be omnibus, there must be a clear demand for the cheque amount lest notice will be invalid. The bench of Justices C.T. Ravikumar and Sanjay Kumar was dealing with the appeal challenging the order passed by

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