Cheque Returned for insufficient funds. Notice under Sec 138 NI Act issued. The defaultor issued another cheque in place of the previous cheque guaranteeing payment in response to the Noti ce. But the second cheque was also returned unpaid for insufficient funds. IN such circumstance whether a case can be filed under Sec 138 NI Act against the First Cheque. Any bar to file the same. Whether the court can take cognisance of the offence under NI Act for the First Cheque since the second cheque was issued only as payment towards the first cheque. Request experts opinion on this issue.
