Legal Question in Banking Law in Pakistan
i want to know law about dorment account .if a croess cheque issued by me returned back due to dorment account,is it my folt?
1 Answer from Attorneys
489-F,PPC, Dishonestly issuing a cheque: who ever dishonestly issues a cheque towards
repayment of a loan or fulfilment of an obligation which is dishonoured on presentation,
shall be punished with imprisonment which may extend to three years or with fine, or with
both, unless he can establish, for which the burden of proof shall rest on him, that he had
made arrangements with his bank to ensure that the cheque would be honoured and that
the bank was at fault in not honouring the cheque.
If u issued the cheque bonafidely then of course u would pay the money when complainant came this thing in your notice, if u fullfil the obligation then definitely no case can be made against u .
for more info dondult me at [email protected]
0321-4610092
Related Questions & Answers
-
Can a mentally ill / challenged person open a bank account? Asked 12/08/10, 1:17 am in Pakistan Banking Law
-
If cheque presented after six months and gets dishonoured Asked 12/06/10, 1:50 pm in Pakistan Banking Law
-
I had issued promissory note in 1997 payable in 2002, is it valid as at today in... Asked 12/01/10, 12:05 am in Pakistan Banking Law
-
Dear Law Guru Team, My name is Mehmood. Actually, I used to have one current account... Asked 11/19/10, 9:06 pm in Pakistan Banking Law
-
What is the difference between equitable mortgage and registered mortgage? Asked 11/15/10, 5:58 am in Pakistan Banking Law