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Indian Laws - Highlights / Catch Notes

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Dishonor of Cheque - Company declared as sick unit - The offence ...

Indian Laws

July 19, 2019

Dishonor of Cheque - Company declared as sick unit - The offence not complete, not because there was a statutory bar, but because the directors of the company were prevented by reasons beyond their control from honouring the cheques - issuing process for offence u/s 138 quashed and set aside.

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