When your cheque is bounced multiple times!!
If you have presented your cheque and it has bounced and you did not take any action and after few days you again presented the cheque and it again gets bounced, what will you do? since you have not taken any action in first instance will you now be allowed to take it? the answer is yes, you can present a cheque multiple times without losing your right to prosecute ,in case the cheque is bounced, until and unless you are satisfying the condition laid down u/s 138 NI act.
Here is the SC judgement-:http://indiankanoon.org/doc/110319578/
Nitish Banka is an advocate practicing in Supreme Court of India and can be reached at [email protected] or 9891549997
