Supreme Court of India
M/s. Uniplas India Ltd. and Ors. v. State (govt. of Nct of Delhi) and Anr.
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.
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From the headnote
Negotiable Instruments Act, 1881: Section J 38 proviso (b)-Dishonour of cheque-Notice of demand /ssued under S.434 of the Companies Act-Validity of-Is a valid notice under Clause (b) of proviso to S.138-Companies Act, 1956, Ss.433 and 434. Section /42(b)-Dishonour of cheque-Cause of action-Arising of Held: Notice of demand has to be given within 15 days of dishonour of cheque-If such a notice is not given within 15 days no cause of action arises-Successive causes of action cannot be created with repeated presentations of the same cheque for the purpose of launching a prosecution. Dishonour
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