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Sec 138 NI Act

No liability under NI Act for dishonoured cheques of merged banks presented after validity period [Read Order]
Judiciary
No liability under NI Act for dishonoured cheques of merged banks presented after validity period [Read Order]

Allahabad High Court rules that dishonoured cheques from merged banks presented after the validity period won't attract liability under Section 138 of the NI Act.

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