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What are the latest law on time bar in case of Section 138 of NI act?


29-Jul-2023 (In Cheque Bounce Law)
what are the latest law on time bar in case of Section 138 of NI act? Need to know the latest update on this o=in case of any amendment
Answers (1)

Answer #1
783 votes
the cheque needs to be deposited within three months
legal notice recent within 30 days from receipt of return memo
legal notice should give 15 days time to the party for payment
after expiry of period of 15 days the complaint under section 138 Negotiable Instruments Act needs to be filed within 30 days

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