Non cts cheque bounce/ validity in 2016
Rajesh S
(Querist) 02 January 2017
This query is : Resolved
1.Still bank will accept the Non CTS cheque(In 2016).
2.Mr,X having non CTS cheque now he is blackmailing more money after paid more also ? making that he will bounce cheque by another person from different place to bank.Question is validity of non CTS cheque. (10 years old and without date )
3.Please Help me on this Matter how to handle.
Guest
(Expert) 02 January 2017
Discuss the real problem, not as an academic question.
P. Venu
(Expert) 02 January 2017
Please post the material facts and the real issue, if any.
Rajendra K Goyal
(Expert) 02 January 2017
If non CTC cheque presented, Bank may send the cheque in collection.
Kumar Doab
(Expert) 02 January 2017
Agreed with expert Mr. Rajendra K Goyal.
Post real facts as advised by Mr. P.Venu.
Rajesh S
(Querist) 02 January 2017
Thank you , to all your kind reply , Real Fact issue. Mr.x is money launder in 2005 cheque bounced 1,50,000 , then 2009 out of court settlement happened 75,000. Then He returned few cheques. ( We don't how many cheque is given ). Now after 7 yrs once again he is blackmailing more money after paid more also ? making that he will bounce cheque by another person from different place to bank.( My Father is retired Person ) now we find out 5 to 6 cheque leaf with him .
Rajesh S
(Querist) 02 January 2017
Thank you , to all your kind reply , Real Fact issue. Mr.x is money launder in 2005 cheque bounced 1,50,000 , then 2009 out of court settlement happened 75,000. Then He returned few cheques. ( We don't how many cheque is given ). Now after 7 yrs once again he is blackmailing more money after paid more also ? making that he will bounce cheque by another person from different place to bank.( My Father is retired Person ) now we find out 5 to 6 cheque leaf with him
Guest
(Expert) 02 January 2017
Information provided by you is still incomplete.
Please clarify:
1) Whether the cheques bear dates of issue?
2) Whether cheques were crossed or bearer?
3) Whether any written agreement is there for out of court settlement?
Rajesh S
(Querist) 02 January 2017
Thank you Sir ,
1 . Blank cheque with bearer ( Non CTS) only signature .
2. Bearer
3.yes sir. ( On that time 20 -25 cheques is given back)
but Still he having 5 to 6 blank cheque with signature without date.
Guest
(Expert) 03 January 2017
Dear Rajesh,
Non-CTS cheques are invalid, but are accepted only by the concerned bank as their own cheques, not by other banks.
So, if Non-CTS cheques, if presented as self/bearer cheques in your own bank, even if dishonored, may not have any effect on you.
Even if crossed by opposite party and presented in some other bank to be credited in to their account, the cheques will be dishonoured as invalid cheques, but not for shortage of funds. Even in that dishonor case, the party will have great difficulty in proving that the cheques were issued only recently within the validity period and also that you owe some amount to that party. However, copy of written settlement agreement may help you to a great extent.
So, you are not required to be worried so much for the blackmailing tactics of the opposite party.
Rajendra K Goyal
(Expert) 03 January 2017
Lodge police information regarding loss of signed blank cheque. Also mention that the person may be having the cheques and about his blackmailing.
Inform Bank regarding stop of payment of the cheques.
Get two news paper ad in this regard.
Kumar Doab
(Expert) 03 January 2017
Agreed with expert Mr. Rajendra K Goyal.
Follow his last advise also.
Rajendra K Goyal
(Expert) 03 January 2017
Expert Kumar Doab,
Thanks for agreeing.
Kumar Doab
(Expert) 03 January 2017
Expert Mr. Rajendra K Goyal has been with banks and can render qualified opinion.
Kumar Doab
(Expert) 03 January 2017
Expert Mr. Rajendra K Goyal,
You are welcome.
Rajesh S
(Querist) 04 January 2017
Thank you For your Kind Replies Sir ,Mr.P. S Dhingra ,�Mr. Rajendra K Goyal , Mr.Kumar Doab , Mr. P.Venu .
Guest
(Expert) 04 January 2017
You are welcome.
Kumar Doab
(Expert) 04 January 2017
You are welcome.
