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 ...

PRESIDENT Robert Mugabe in June rejected Finance minister Herbert Murerwa's proposal to introduce a $250 000 bearer cheque when Reserve Bank governor Gideon Gono was away in Russia. Highly-placed ...

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 ...

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 ...