Legal Question in Banking Law in India
can a self bearer cheque return case falls under th epreview of section 138 of banking law?
Asked on 5/05/15, 10:11 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
07.05.2015
Dear Sir / Madam,
A self cheque implies the money is being withdrawn by the account holder himself / herself either in person, or through a bearer of the cheque. In the event it is through a bearer, and the account holder has issued the self cheque with the intent that the bearer should collect the amount from the Bank in settlement, if the self cheque is returned back uncleared, it comes under the purview of cheque dishonour Section 138 of the Negotiable Instruments Act.
Regards,
Answered on 5/06/15, 8:29 pm
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