Question

A cheque drawn by Rajesh in favour of Meena is returned unpaid by the bank with the remark 'funds insufficient'. Meena wishes to prosecute Rajesh under section 138 of the Negotiable Instruments Act, 1881. Within how many days of receiving information of the dishonour must Meena issue the statutory demand notice to Rajesh?

A Sixty days of receiving information of the dishonour of the cheque
B Forty-five days of the cheque being returned by the bank unpaid
C Thirty days of receiving information regarding the return of the cheque as unpaid
D Ninety days of the date of the cheque drawn by the drawer in favour of the payee
E Fifteen days of the receipt of the banker's intimation that the cheque was dishonoured
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