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2007 (1) TMI 257 - SC - Companies Law
Dishonour of cheque for insufficiency of funds - Held that:- No other option but to hold that the allegations made in the complaint petitions even if are taken to be correct in their entirety do not disclose any offence as against the appellant herein. The proceedings against him, thus, should have been quashed by the High Court. The impugned judgment, therefore, cannot be sustained which is set aside accordingly. The appeal is allowed.