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
Reported as [2007] 10 S.C.R. 1110
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.

5 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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