Refsual of payment of cheque by bank
This query is : Resolved
23 October 2008
Dear
One of my friend deposit a cheque for amounting Rs. 30,000 for credit card payment but the bank returns the cheques with remarks insufficient fund, but the account has around five times money (in Lakh), can bank be held responsible for this mistake and any legal action can be taken against Bank,
please clarify
Amrish
One of my friend deposit a cheque for amounting Rs. 30,000 for credit card payment but the bank returns the cheques with remarks insufficient fund, but the account has around five times money (in Lakh), can bank be held responsible for this mistake and any legal action can be taken against Bank,
please clarify
Amrish
23 October 2008
If the funds were parked in the account before the cheque had been received for clearance, you can go for legal remedy.
23 October 2008
thanks, yes the amount is much more than the cheque before clearance of cheques and still in account,
can u please tell me what is the procedure, what can I suggest to my friend, what may be the likely expenditure and expected time for legal action against the bank.
can u please tell me what is the procedure, what can I suggest to my friend, what may be the likely expenditure and expected time for legal action against the bank.
23 October 2008
During electronic clearence generally it happens ,you have to write ombudusman with all supporting details
23 October 2008
Dear CMA, my friend have confirmed with the bank, it was not electronic clearing, can u suggest how to book bank against such fault.
30 October 2008
Appeal to ombudsman
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
