NI Act- Date of intimation from bank for return of cheque not to be included in Limitation Period for Issuance of Legal notice

Rayapati Power Generation Pvt. Ltd. Vs Indian Renewable Energy Agency Ltd (IREDA) (Delhi High Court) It is discernible that the words „of’ and „from‟ used under Section 138 N.I. Act do not imply different meanings. It is safe to infer that the use of the word „of‟ in Section 138(b) N.I. Act does not imply either that the day on which information regarding dishonor of cheque is received by the complainant from the bank is to be included while computing the limitation period for issuance of a valid legal notice. While computing the limitation period of 30 days prescribed under Se...