2004 (8) TMI 758

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Full Text of the Document

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.... of the High Court of Section 138 of Negotiable Instruments Act, 1881 to the effect that the said provision will not be applicable when the cheque is issued from an already closed account cannot be upheld on the wordings of Section 138. The word 'maintained' in Section 138 of the said Act has been narrowly construed by the High Court for coming to the aforesaid conclusion. Such an interpre....