Sh. Raj Kamal Srivastava vs Sh. Niraj Kumar Jain on 29 June, 2021
Ld. Counsel for the plaintiff has
further relied upon Ajanta Raj Proteins Private Limited
vs. Himanshu Foods Private Limited, RFA No. 02/2016
decided on 31.01.2018 by the Hon'ble High Court of Delhi
wherein Suit for Recovery has been filed within the period of
three years from the date of dishonour of the cheque, but
beyond the period of three years from the date of cheque. It
was observed that where there were a series of transactions
between the parties and the cheques were given as a security
for the same amount that remained outstanding, the giving of
cheque per se would amount to cause of action. It is only
when the payment is not made and the person in whose
favour the cheque has been issued, seeks to encash the
cheque which is dishonoured, that the right to sue itself
arises. Until and unless the cheque is dishonoured, the cause
of action would not arise under Order XXXVII CPC and the
limitation is to be calculated from the date of dishonour of the
cheque.