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Nov 5, 2007

Notice must for dishonoured cheque cases, says apex court

The Supreme Court said on Friday that a notice in accordance with law is required for initiation of proceedings in cases related to dishonoured cheques. An omnibus notice without specifying as to what was the amount due through the dishonoured cheque would not subserve the requirement of law, the court said. Such a notice has to be issued within a period of 30 days from the date of receipt of information from the bank in regard to the return of the cheque as unpaid, the apex court said.

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