Cheque return charge

Prakash Nair (Querist) 25 October 2011 This query is : Resolved
Hello,
There was a cheque issued to a credit card company. Funds were available in the a/c, however forgot to sign the cheque. The CC company send the cheque to my bank and they both have charged me with payment dishonor fee. Shouldn't this cheque be considered as non payment only.

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Guest (Expert) 25 October 2011
The instance is both dishonour of cheque as well as non-payment of the amount due by the due date.

The Credit Card Company duly inform the users about their charge in case of dishonour of cheque and as well as the penalty for non-payment of dues.

On the other hand the banker also charges the overhead charges as the fee for their service which they have to render in making fake transaction on behalf of their customer.

Prakash Nair (Querist) 25 October 2011
The cheque should at first instance not be sent to the bank for clearance as there was no signature by the CC company. The cheque would never clear.

Prakash Nair (Querist) 25 October 2011
The query shows as resolved can someone help me with how to keep the query open.

Shonee Kapoor (Expert) 25 October 2011
Yes, you are liable to pay to both the parties.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Prakash Nair (Querist) 25 October 2011
why should the cc company send the cheque at the first instance as the signature is not there.

ajay sethi (Expert) 25 October 2011
repeated query

Shailesh Kr. Shah (Expert) 25 October 2011
Rightly answered by Shri PS Dhingra.

Raj Kumar Makkad (Expert) 25 October 2011
Repeated query.

prabhakar singh (Expert) 26 October 2011
Repeated query.

Guest (Expert) 26 October 2011
Dear Prakash,

This is with reference to your supplementary query.

Instead of finding fault with the cc company, the drawer of cheque, himself, should check before posting in the drop box that there should not remain any discrepancy in the cheque.

In fact, some persons are in the habit of issuing cheque without signature just to postpone payment so that there cheque should not get bounced on account of non-availability of funds and they keep track of the cheque when that comes to the bank for clearance. If funds are available by that date they just sign before the banker to complete the transaction. But, when they are not able to provide funds by the date of payment they prefer to get the cheque returned on account of being not signed, as that offence is much less serious than the dishonour of cheque on account of shortage of funds.