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2004 (12) TMI 725 - HC - Indian LawsExtract: .......or encashment. It was issued towards security", and, if that was the case the complainant was not justified in presenting the said cheque for payment and upon dishonour to initiate proceeding under section 138 of the Act. 27. I, therefore, find that there is no merit in this appeal. Consequently, the same is hereby dismissed. Appeal dismissed.
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