High Court Dismisses Petition to Quash Cheque Dishonor Case Despite SARFAESI Act Proceedings and NPA Status.

Dishonor of Cheque - account classified as NPA - merely there is a dispute with regard to the payment of interest and immovable properties have already been mortgaged and proceedings under the SARFAESI Act has also been initiated, those proceedings is no way relevant to quash the proceedings under section 138 of the Negotiable Instruments Act and this petition filed to quash the proceedings is liable to be dismissed. - HC .....

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