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NI Act

(Querist) 21 September 2009 This query is : Resolved 
My client accused issued a cheque of Cooperatie Society to the complainant. Recently we get the information that the Coopertive Society did not obtained licence of banking business fom RBI.

Under above circumstances whether the cheque issued by accused of the Co-Op Society is deemed to be an Cheque as per egotiabel Instrument Act or Not ?

Pls reply alongwith provisions and citations
G.G.Shaikh Advocate M:9898038990 (Expert) 10 January 2010
please read this authority
GLR 2009[2] page 1548
bagmar finance v/s state of gujarat

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