Thursday, 4 September 2014

Limitation period for presentation of cheque excludes first day on which cheque is drawn but include

Negotiable Instruments Act: Word 'from' in section 138(a) requires exclusion of first day on which cheque was drawn and inclusion of last day within which such act needs to be done and, therefore, six months would expire one day prior to date in corresponding month and in case no such day falls, last day of immediate previous month


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