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Section 138 of NI Act not affected by winding-up order

A Division Bench of Bombay High Court has held that the expression “suit or other proceedings” in Section 446(1) under chapter II of Part VII of Companies Act, 1956, does not include criminal complaints filed under Section 138 of the Negotiable Instruments Act, 1881

Article referred: http://www.livelaw.in/expression-suit-proceedings-section-4461-companies-act-not-include-case-us-138-ni-act-bombay-hc/

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