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In a Calcutta case, Manager of a Bank took security for overdraft from the customer and caused the security to be entered into the books of the banks. The Manager shortly afterwards returned the security to the customer before satisfaction of the overdraft. The fact of return of security was mentioned in the books of accounts.
The Manager acted dishonesty under Section 24
The customer acted of dishonesty under Section 24
both the Manager and the customer acted dishonestly under Section 24
Neither of them is guilty
By: santosh ProfileResourcesReport error
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