Legal Question in Banking Law in India
Sir
I presented a cheque drawn by son as pay self or bearer. Bank refused to pay me saying it can be encashed only by my son. Is this correct
A K Mahant
Asked on 11/16/16, 3:37 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
16.11.2016
Dear A K Mahant,
Bank cannot refuse to honour the bearer cheque issued by your son. The Bank has erred in its approach.
Regards,
Answered on 11/16/16, 4:12 am
Related Questions & Answers
-
I had give check to insurance company for new proposal ,but due to some reason stop... Asked 11/15/16, 3:15 am in India Banking Law
-
Two friends X and Y had purchased an existing pvt ltd company and became the... Asked 11/13/16, 9:14 pm in India Banking Law
-
Two friends X and Y had purchased an existing pvt ltd company and became the... Asked 11/13/16, 9:14 pm in India Banking Law
-
Hi, I have outstanding of 53k payment in my credit card. Two months once I'm paying... Asked 11/12/16, 8:56 am in India Banking Law
-
Accountability of surer for personal loan ..in case of default by borrower Asked 11/11/16, 9:29 pm in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
