M/S Aliz Jewelers v. M/S A.M. Gems
Case brief
What is this about?
The High Court allowed a petition by jewelers against an order reducing the 20-day notice period for cheque payment. Following Supreme Court rulings, it held that the statutory period cannot be reduced and remanded for formal corrections.
What did the court decide?
The order directing reduction of the notice period is remanded to the High Court to ensure compliance with mandatory 20-day statutory requirements.