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Ing Vysya Bank Ltd. & Anr. vs. State of Rajasthan & Anr. (SC)

32.00 3.20

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Negotiable Instruments Act, 1881–Secs. 138 & 142–Pay order was issued at the instance of city bank New York–Instruction of stop payment was also received from that bank–No transaction between appellant-bank and respondent No. 2–Question of liability and debt did not arise–Criminal proceedings deserve to be quashed.