Legal Question in Banking Law in India
I have a blank cheque signed.will the bank encash it?
4 Answers from Attorneys
Blank cheques are not encashable.
give a try.
blank cheque as such would not be honoured/encashed if it is not filled up with payee's name and amount of cheque in words and figures.. If the person/drawer who has signed the cheque has given authority to the person to whom he has given the blank cheque signed, the latter can fill it up for the amount legally due to him and the payee's name and have it presented whereupon the bank will honour the same. It is possible that a person to whom the blank cheque signed by the drawer to have it filled up with other particulars including any amount he would like to fill it up. Even then it can be encashed, but the drawer may dispute the same in a litigation.
Related Questions & Answers
-
Sir i have few thinks toi discus can we talk it myt cell num is 9821883138. my name... Asked 10/09/09, 9:35 am in India Banking Law
-
I was working in dubai and having loan on my credit cards issued by dubai bank in... Asked 10/09/09, 3:50 am in India Banking Law
-
I was suspended by the State bank Of India on 16.07.2008. and no grounds of... Asked 10/09/09, 2:08 am in India Banking Law
-
I was working in a Indian owned firm in dubai and my work permitt is for three... Asked 10/09/09, 1:59 am in India Banking Law
-
Sir , i had mail you last week about a loan that i hav with a private bank . the... Asked 10/08/09, 2:58 am in India Banking Law