TMI BlogDishonor of Cheque - non-CTS-2010 cheque - valid cheque or not - the circular of the Reserve Bank of...Dishonor of Cheque - non-CTS-2010 cheque - valid cheque or not - the circular of the Reserve Bank of India shows that the banking channels, based on the digital signature in the form of Magnetic Ink Character Recognition (MICR), would be in a position to distinguish a non-CTS-2010 cheque from a CTS-2010 cheque. The Court, appreciating an issue u/s. 482 of the Code of Criminal Procedure, would not be justified in giving a decision one way or the other as to the nature of the cheque, which is put ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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