Legal Question in Banking Law in India
Incase a non crossed cheque issed in the name of mr. X with 'or bearer' scored out can the bank make payment to mr.X across the counter?
Asked on 11/17/15, 8:04 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
18.11.2015
Dear Sir / Madam,
No. since the 'or bearer' instructions have been scored out, it is a deemed crossed cheque so the Bank cannot make payment to Mr. X across the counter.
Regards,
Answered on 11/18/15, 1:57 am
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