Proceedings u/s 138 to be quashed when appellant remitted amount of notice within statutory period: SC

FEMA amp; BANKING : Where cheque issued by appellant bounced but he remitted amount of notice within statutory period, proceedings initiated by respondent under section 138 pending before Metropolitan Magistrate were liable to be quashed as very cause for initiation of complaint did not survive if amount was remitted within statutory periodFEMA amp; BANKING : Where cheque issued by appellant bounced but he remitted amount of notice within statutory period, proceedings initiated by respondent under section 138 pending before Metropolitan Magistrate were liable to be quashed as very cause for initiation of complaint did not survive if amount was remitted within statutory periodwww.taxmann.com Latest Case LawsRead More

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