The National Commission held that any individual possessing a bearer instrument is legally entitled to encash it, and the bank is bound to honour such an instrument when it is presented for payment.

Mumbai: Observing that the 73-year-old retired govt employee suffered mentally and physically during the pandemic because of the high-handedness of the bank official who did not allow withdrawal of Rs ...

In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...

The Mumbai suburban Additional District Consumer Dispute Redressal Commission has reprimanded Bank of Baroda (BoB) for its “high-handed behaviour” in rejecting a senior citizen's bearer cheque, which ...

The law related to cheque bounce has undergone a change in recent times in the UAE. The law on cheque bounce in the UAE is codified in the Federal Law No 18 of 1993 concerning commercial transactions ...

Two disc jockeys (DJs) at a bar in Gwanda have landed themselves in trouble after allegedly displaying a bearer’s cheque with President Robert Mugabe’s picture inscribed “Z$10 000, Reserve Bank of ...

Ex-employee seeks guidance on the proper steps to claim rights from employer Also In This Package UAE cheque law will boost business confidence Debtor refuses loan repayment due to missing date Dubai ...