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Amount borrowed or repaid through negotiable instrument, hundi, etc.

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Full Text of the Document

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....hrough negotiable instrument, hundi, etc. 106. (1) Where any amount (including interest thereof) is borrowed or repaid through a negotiable instrument or a hundi, other than an account payee cheque....

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Full Text of the Document

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....in in respect of such amount under that sub-section on repayment of such amount. - Clause 106 of the Bill seeks to provide that where any amount is borrowed on a hundi and other instruments like ....