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NG27101982 (Head - Ops)     15 April 2014

Signature on loan agreements

Hello,

I wanted to understand if a scanned signature is valid on a loan agreement between 2 people or between a company and an individual in terms of using the agreement at a later date in the court of law?



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 5 Replies

adv.raghavan (Advocate,9444674980)     16 April 2014

The onus falls on the person.,whose says his signature is scanned and used for some other purpose. Once it is proved it wont be considered as a valid evidence.

SeekAdvice India (NA)     17 April 2014

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Sudhir Kumar, Advocate (Advocate)     17 April 2014

have you met if bank is accepting scanned signature.

 

If yes what they said.  Please come with facts.

Dinesh Kumar Sabharwal (Advocate)     19 April 2014

No,as per   settled  law the scanned signature are  not allowed as an evidence or to make an agreement effective,insted of this the digital signature is consider  valid and allowed and it is effective and it will create legal right between the parties.consequently the digital signature should be used rather than scanned signature.

Dinesh Kumar Sabharwal (Advocate)     19 April 2014

No,as per   settled  law the scanned signature are  not allowed as an evidence or to make an agreement effective,insted of this the digital signature is consider  valid and allowed and it is effective and it will create legal right between the parties.consequently the digital signature should be used rather than scanned signature.


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