Dishonor of Cheque - Bank has been made as party - Liability of ...

Indian Laws

May 17, 2022

Dishonor of Cheque - Bank has been made as party - Liability of bank in case of dishonor of cheque - The bank is only the custodian of the money of the customers and has to comply with the instructions of such customers. In case of insufficiency of funds, the bank is only to report the same and as such, cannot by any stretch of the imagination be liable for any act of the customer who has issued the cheque which was later dishonoured. - HC

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Dishonor of Cheque - Bank has been made as party - Liability of ...

Indian Laws

May 17, 2022

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