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Sh   23 January 2018

Promissory note

i had paid rs 20 lacs in cash in 2016 as a loan . for security purpose the person gave me cheques and promissory note stating the date of receipt repayment date and cheque number and amount provided for the security now the due date of the promisoory note has paased around 8 months back as i was busy following up for the amount and in good faith did not present the cheque. does the promissory note still stands valid and can it be used as a proof in case of section 138


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