What happens if the objector fails to file an action within the specified period mentioned in Clause (2) of this Article?
If the objector does not file the action within the mentioned period, the holder of the Cheque needs to obtain a judgment from the summary matters judge. This judgment states that the objection will not be considered. In such cases, the holder of the Cheque is considered the owner of the Cheque with respect to the Drawee.