Multiple Complaints Maintainable for Dishonour of Several Cheques Arising from Same Transaction under Section 138 NI Act: Supreme Court

The Supreme Court of India has clearly held that dishonour of multiple cheques, even if they arise from the same underlying transaction, can give rise to separate and independent causes of action under Section 138, Negotiable Instruments Act, 1881. The Court ruled that such cheque bounce cases cannot be quashed at the initial stage merely on the ground that they relate to the same liability. Bench and Judicial Authority The…