Jikesh Thakkar 27 April 2016

Meaning of "account blocked" "situation recovered in 21-25"

Dear All Experts,
I received a Cheque returned memo for Amt. 3878876/- from my bank which i deposited, with the reason written:

"ACCOUNT BLOCKED Situation Recovered in 21- 25"

1. what is the exact meaning of "Situation recovered in 21-25" ?

2. how to know, who blocked the account?

3. What can be done through IPC 138 in this case? ( I am having proper business lisence and have all legal documents of amount i gave to Drawer)

Thanking you.
Jikesh Thakkar.
+91 9824299926.

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2 Replies

Prasun Chandra Das (Banker) 27 April 2016

This is reason code no.55 "Account blocked (situation covered in 21-25)", as per standard format of chq return memo. 21-25 means the reason codes no.21-25, which are:

21.Payment stopped by attachment order
22.Payment stopped by court order
23.Withdrawal stopped owing to death of account holder
24.Withdrawal stopped owing to lunacy of account holder
25.Withdrawal stopped owing to insolvency of account holder

For filing a case under Sec138 of NI Act (and not IPC), you need not bother about the reason of blocking the a/c or who blocked the a/c. Initiate the due process of sending notices within 30 days of receipt of intimation of chq return, etc.