Cheque issued by Drawer is returned unpaid with remark "Present with Document"
Can the Drawee initiate criminal action against the Drawer of the cheque on basis of the remark?
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 31 August 2017
Present the document to the bank. What is the problem for submission of document ?
Advocate Bhartesh goyal (advocate) 31 August 2017
G.L.N. Prasad (Retired employee.) 31 August 2017
This is the first time I am hearing such reason for return of a cheque. I have never come across any such reason in Cheque Return Memo of any bank. Cheque is an independent instrument and never requires any other documents before Bank. Some where some thing is wrong in providing basic details. If it is a PSU, immediately seek information under RTI Act with postal order of Rs.10/- fvg the bank or under CP Act and seek informaiton as follows:
Reference to the Information: Cheque No.............for Rs..............drawn in account no...............of....................returned by the .................Bank on....................... stating the reason "Present with document"
1)Please provide copy any order/notification/circular/rules and regulations that a cheque of your bank should be presented with document.
2)Please also provide necessary stipulations either in Negotiable Instrument Act or RBI directive or Bank's manual that states that a cheque should be honoured only if cheque is presented with a document.
Azhagananth (Lawyer) 01 September 2017
40 Present with document (Exclusive CTS return reason)
Vaishnavi 04 September 2017
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 04 September 2017
What are the documents to be presented? Only you know or the drawer may be knowing. Anyway you have to send notice to the drawer of the cheque to make payment. At that time you will come to know what documents were required. You can come here again with the particulars of the document.