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kishore kumar   31 January 2024

signed Cheques lost, how to stop misuse?

by mistake signed blank cheques lost in a function,which was kept for an agreement. but deal could not get finalize and said cheques were lost in that period.
1. pl advise what precautionary measure one should take to avoid misuse of those cheques.

as per rule it's account holder's responsibility to keep safe such instrument.
but to avoid problem need advise.



 7 Replies

Dr. J C Vashista (Advocate )     31 January 2024

Coordinate with the Bank and keep a vigil regrding presentation of any of the leaf of lost cheque.

Issue instructions to banker to stop payment against the cheque(s) if presented for encashment / transfer and intimate you.

Publish in a local newspaper against mis-use of lost leaves of cheque(s) and file a police complaint..

Advocate Bhartesh goyal (advocate)     31 January 2024

Report to police regarding lost of cheque and also instruct to bank for 'Stop Payment' of lost cheque so that cheque may be not encased by anyone. 

kishore kumar   31 January 2024

Thank you very much Sri Vashishth Sir and Sri Goyal Sir,
pl advice, is there is any amount to be kept in particular bank account before applying for stop payment? because Cheques were blank,and don't know the miscreants plan. Thanks again .

T. Kalaiselvan, Advocate (Advocate)     31 January 2024

You may notify the bank bout the loss of the cheque leaves and instruct stop payment when presented for payment.

You act at once without delaying any further 

Dr. J C Vashista (Advocate )     01 February 2024

No, it doesn't require to maintain balance in the Bank account from where the cheque leaves are stated to have been lost.

kishore kumar   01 February 2024

Many Thanks Sir for your valuable advice,it will be a great relief for us.

Dr. J C Vashista (Advocate )     02 February 2024

Thank you for appreciation of social service of the experts on this platform.

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