Supreme Court of India

M/s. Sara V Investment & Financial Consultants Pvt. Ltd. and Anr. v. Llyods Register of Shipping Indian Office Staff Provident Fund and Anr.

Neutral citation
Bench S.B. Sinha and H.S. Bedi JJ.
Decided 11 October 2007

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

6 Supreme Court benches have cited this judgment.

From the headnote

c Negotiable Instruments Act; S. I 38 and Proviso (b) and (c): Dishonour of cheques-Complaint-Service of Notice- Requirements of-Held: S. I 38 of the Act contains a penal provision- Since the provision provides for a severe penalty, it warrants a strict construction-Service of notice is a statutory requirement for initiation of criminal proceeding-In terms of the provision, a Complaint Petition could be filed for commission of an offence by a drawee of cheque only fifteen days after the service of the notice to that effect-Complaint of notice required to be communicated to the drawee of…

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