Legal Question in Banking Law in India
'A' is appointed as an official liquidator of ABC Company Ltd., which went into liquidation. Now 'A' has an uncrossed cheque drawn in his official capacity for Rs 50,000. The same cheque was encashed by 'A' across the counter by signing on the back of the cheque. Is the banker protected against the creditors of the company for making wrong payment, if sued by them?
Asked on 3/20/13, 8:43 am
1 Answer from Attorneys
dear client...
you can sue the liquidator for doing the same ...
for any further query mail me at
Answered on 3/20/13, 10:45 pm
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