Holiday declared under the Negotiable Instruments Act. The Chief Electoral Officer (CEO) of Punjab, Sibin C, on Tuesday announced that a special holiday has.
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The seventh phase of voting for the 18th Lok Sabha elections is scheduled for June 1. The previous six phases were held on April 19 (Phase 1), April 26 (Phase 2), May 7 (Phase 3), May 13 (Phase 4), May 20 (Phase 5), and May 25 (Phase 6). On voting days, banks in various cities will be closed.
The Punjab & Haryana High Court has made it clear that when proceeding under Negotiable Act (NI Act) is not debt then it cannot be stayed under Section 96 of the Insolvency and Bankruptcy Code.
Bank Holiday today in Mumbai, Belapur, Lucknow, and other cities due to Lok Sabha Elections phase 5 voting. A total of 49 constituencies across six states and two Union Territories will go to polls on Monday.