Court Rules Acquittal Improper: Cheque Dishonor u/s 138 Not Linked to Money Lending License Validity.

Dishonor of cheque - insufficiency of funds - So far as the proceedings u/s.138 of the Negotiable Instruments Act is concerned, the question of the complainant having money lending licence does not arise - acquittal of the accused on the above said ground by the trial court is also not proper and correct. .....

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