Legal Question in Banking Law in India

negotiable instrument act.

i have a a/c in axis bank.i presented a central bankcheque but the bank returned the cheque saying it is a cash credit a/c and have to be placed where the drawee has opened the a/c.being a roaming a/c i placed the cheque in the drawee place of businee but the same was returned. can i file a case in my place or the course of action would be the drawee place.


Asked on 9/05/08, 4:58 am

2 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: negotiable instrument act.

you can file a case at your place IF the terms of the account permitted you to enjoy roaming facility. otherwise, depending upon the amount, you should better settle the matter out of court; send a draft to the drawee and try to close the issue.

court - litigation is costly, time consuming and at times fruitless. should be resorted to ONLY as a last resort.

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Answered on 9/05/08, 5:56 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: negotiable instrument act.

Your place of course.

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Answered on 9/09/08, 1:52 am


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