Case Law Analysis
|Madhya Pradesh High Court
Section 138 NI Act | Cheque Presented Beyond Validity Period + Cognizance Before Issuance Void Prosecution : MP HC Jabalpur
MP High Court quashes a Section 138 NI Act complaint where the cheque was presented beyond its three-month validity period and the cognizance order predated the cheque's issuance. The ruling reinforces that procedural compliance is non-negotiable for sustaining cheque bounce prosecutions, impacting businesses and complainants alike.