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B K Paruchuri (PO)     22 February 2023

cheque issue

when an SBI cheque was issued to a co-Op bank for loan clearance they informed after 4 days it was not cleared due to signature not tallied. Is it proper sir? Please enlighten me


 2 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     22 February 2023

Yes. If the signature is not tallied or they suspect not the original signature.  

Dr J C Vashista (Advocate)     23 February 2023

Contact the branch manager of your bank.

Signature differ amounts to an offence u/s 138 of the Negotiable Instruments Act, 1881.

Consult and engage a local prudent lawyer to form proper opinion, advise and proceed as required under the circumstances.

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