Legal Question in Banking Law in India

Re: Security Chqs

It is obviously great mistake on your part to issue Undated, Unfilled chq book to your suppliers, as security . Why you have kept the same still with hi. In my opinion you should file a criminal case stating detailed facts if police take it if not you may file private complaint . You are in dispute with your supplier. You may also file a suit challenging the abuse of blank cheques for securtiy . But do it as fast as you can.

Re: Security Chqs

Sent a legal notice and demand back your cheque.However,it is better that you consult a local lawyer with all details.

Re: Security Chqs

Sent a legal notice and demand back your cheque.However,it is better that you consult a local lawyer with all details.

Re: Security Chqs

Sent a legal notice and demand back your cheque.However,it is better that you consult a local lawyer with all details.

Re: Security Chqs

Give a letter to your bankers for stop payment.demand all chq books back.never make such a mistake of giving blank sign chq's

Re: Security Chqs

You can inform to your banker to stop payment if they received any chq pertaining to above chq book.

Re: Security Chqs

It is better to consult a local lawyer to issue a demand notice to your suppliers to return the blank cheques signed by you with a copy to the Bank with a superscript requesting the Bank to stop payment of any cheque bearing the Nos. of the blank cheques signed by you. what you have done by handing over signed blank cheques is not proper. In such extraordinary situations, you cannot throw the problem in this forum but seek specific personal advice with a local lawyer having good banking law and practice knowledge.

Re: Security Chqs

in communications mention that you have given blank cheques as security only

Re: Security Chqs

First of all never give such undated and unfilled cheques to any one.

Urgently consult an good advocate and send him a legal notice mentioning the whole dispute and fact that they have your undated cheques with no amount filled in them.

Urgently file a suit for injunction restraning them not to deposit the said cheques.

Re: Security Chqs

This is not a safe practice do give a security.

Re: Security Chqs

Inform your bank and give an application to stop the payment on those cheques.