Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

section 25 of ni act.

(Querist) 27 November 2015 This query is : Resolved 
If a bank declares weekly holiday other than Sundays will it get protection u/s 25 of ni act.
P. Venu (Expert) 28 November 2015
Please furnish the material facts.
Nitish Banka (Expert) 28 November 2015
incomplete query
Satyabrata Mishra (Querist) 28 November 2015
X bank has declared Thursday as weekly holiday. My queries are as under.
1. whether the bank is competent to declare Thursday as weekly holiday in stead of Sunday.
2. If a bill or cheque is due for payment on a Thursday but could not be paid as the bank was closed.
3. In such situation, whether the bank will be protected u/s 25 of NI Act for non payment of the bill or cheque.
Rajendra K Goyal (Expert) 28 November 2015
Bank can not change holiday of its own.

Due date of cheque would be counted in accordance of the NI Act.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :