Strict Compliance With Proviso Clauses A Precondition For Prosecution Under Section 138 Of NI Act: Jammu and Kashmir High

In a recent ruling, the Jammu and Kashmir High Court reviewed an important matter involving the Negotiable Instruments Act, specifically Section 138 and its provisos (a), (b), and (c). The case under scrutiny involved the alleged dishonor of cheques due to the closure of the drawer's bank account, and the complainant’s failure to issue a demand notice within the legally required period. This judgment highlights the strict compliance required for…