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1998 (10) TMI 528 - HC - Companies Law
Extract:
.......he Negotiable Instruments Act cannot be maintained at all. 11. In the result, this petition is allowed, quashing the proceedings against the petitioners herein C.C.No. 6029 of 1997, pending on the file of the IX Metropolitan Magistrate, Saidapet, Chennai. In view of the order passed in the main petition, Crl. M.P.No. 6854 of 1997 shall stand closed