Joint account cheque bounce responsibility
5 years ago
Respected sir; mene Google me serch kiya to delhi supreme court k mutabik joint account vale cheque me agar sabhi account holder k signature na ho to aese cheque lene vale par karyavahi kar sakte hai jiske sign na ho vo account holder kya ye rules sahi me hai yaha pe cheque lene vali koi bank nahi balki financers hai jiska kitna bhi paisa do vyaj ka vyaj kabhi khtam hi nahi hota
Deepak Yashwantrao Bade
Responded 5 years ago
A.Dear client,The Supreme Court of India in the matter of Aparna A Shah Vs. Sheth Developers (P) Ltd held that the joint account holder cannot be held liable unless he has also signed and issued the cheque in question. In other words, all persons to the joint account must sign and only in that event, all such persons shall be liable for dishonor of cheque under Section 138 of the Act.
Helpful
Helpful
Share
A.Dear Client,
My knowledge in Hindi is limited.
What I understand from your description/heading that Account holder will be held responsible for Cheque Bounce case and it is punishable under NI Act.Coming to the other part, when you are paying money to the bank you must have kept some Records and why can not come to an end.
Check your accounts properly and take appropriate decision which you deem fit.
Shanti Ranjan Behera,Asvocate
My knowledge in Hindi is limited.
What I understand from your description/heading that Account holder will be held responsible for Cheque Bounce case and it is punishable under NI Act.Coming to the other part, when you are paying money to the bank you must have kept some Records and why can not come to an end.
Check your accounts properly and take appropriate decision which you deem fit.
Shanti Ranjan Behera,Asvocate
Helpful
Helpful
Share
A.The person who signed the cheque is only responsible.
If case filed against you then H C will quash it. Approach H C
If case filed against you then H C will quash it. Approach H C
Helpful
Helpful
Share
Read Related Answers
Sbi account put on stop by cyber security
Dear Sir/Madam,
Under the following provisions the Hon’ble Magistrate Court having ample powers to unfreeze the Bank accounts. Further, the Hon’ble Court has vast powers to hand over the properties/v...
My bank account got freezed
Dear Client,
Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
Bank loan harassment
Dear Client,
In the given scenario, you can escalate your grievance with the Grievance Redressal Officer of the concerned Bank, and in case no suitable response is received from the GRO of the Bank yo...
Online Gaming -Can I be sent to Jail
Dear Client,
The Information Technology Act 2000 regulates cyber activities or online gambling in India. There is no explicit law that makes online gaming and gambling an illegal activity in India. O...
Online Gaming- Debit freeze
Dear Client,
Your query requires more details to address it suitably. You expressed your situation but not a cause of action that attracts a legal remedy. It is a virtual platform where in the absenc...
Read Blogs on Banking
Banking Lawyers
Find Lawyers by Location