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CA Lokesh Pokharna (CA)     26 December 2017

Old cheque - can we file suit ?

Dear All,

We have given money to someone and against that we have taken cheque as a security . blank  cheque was taken in the year 2011 at that time  name was printed on the cheques , after 2012 new cheques came in the market which were containing name of ac holder as well. 

 

I want to know 2 things - we can still present old cheque to the bank for payment , 2. and if yes then will bank issue us cheque dishonour memo if there will not be sufficient balance ?



Learning

 4 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     26 December 2017

Not valid.Please follow the below circular.

Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards

A reference is invited to our circular DPSS.CO.CHD.No. 955/04.07.05/2012-13 dated December 14, 2012. On a review of the progress made by banks so far in migration to CTS-2010 standard cheques and in consultation with a few banks and Indian Banks Association, it has been decided to put in place the following arrangements for clearing of residual non-CTS-2010 standard cheques beyond the cutoff date of March 31, 2013.

  1. All cheques issued by banks (including DDs / POs issued by banks) with effect from the date of this circular shall necessarily conform to CTS-2010 standard.

  2. Banks shall not charge their savings bank account customers for issuance of CTS-2010 standard cheques when they are issued for the first time. However, banks may continue to follow their existing policy regarding cheque book issuance for additional issuance of cheques, in adherence to their accepted Fair Practices Code.

  3. All residual non-CTS-2010 cheques with customers will continue to be valid and accepted in all clearing houses [including the Cheque Truncation System (CTS) centers] for another four months up to July 31, 2013, subject to a review in June 2013.

Hemant Chaudhary   27 December 2017

Hi, yes you can file civil recovery suit against the person .. For further consultation, kindly contact in person .. Ph:- 9654062181 consultation fee :- 1000/-

Sudhir Kumar, Advocate (Advocate)     29 December 2017

you are yet to have a cause of action
 

Sudhir Kumar, Advocate (Advocate)     29 December 2017

repeated

 

https://www.lawyersclubindia.com/forum/Old-cheque-can-we-file-suit--157899.asp


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