Legal Question in Banking Law in India
1. You have sufficient balance in your account. You honored a cheque in favor of a party. Party duly presented the cheque but bank dishonored it without any reason. As a customer can you claim compensation?
Asked on 10/16/11, 8:49 am
5 Answers from Attorneys
J. Radhakrishnan
independent Practice
If the bank inspite of having sufficient balance in the drawer's account dishonours his cheque, the drawer customer can claim compensation from the bank for wrongful dishonour of his cheque.
Answered on 10/16/11, 9:22 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
there has to be some reason for dishonoring of the cheque. go through the return memo and re frame your query.
Answered on 10/16/11, 10:57 pm
Sanjay Kalra
Sanjay Kalra & Associates
bank cannot dishonour a cheque without a reason.Yes you can can claim damages.
Answered on 10/16/11, 11:51 pm
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
if without reason they have did that and u have suffered due to this u can claim damages
Answered on 10/18/11, 3:50 am
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