Palakkad District Commission Holds Axis Bank Liable For Presenting The Instalment Cheque Before Business Hours And Collecting Cheque Bounce Fee
4 months, 2 weeks ago

Palakkad District Commission Holds Axis Bank Liable For Presenting The Instalment Cheque Before Business Hours And Collecting Cheque Bounce Fee

Live Law  

The District Consumer Disputes Redressal Commission, Palakkad bench of Sri Vinay Menon V., Smt. held Axis Bank liable for wrongfully penalising the complainant for a cheque bounce fee due to premature presentment of the cheque. Since the Bank presented the cheque before business hours, the District Commission held that this action contravened the law. The District Commission held that the Bank's automation should not override statutory obligations and that the responsibility for the early presentment lay with the Bank. Therefore, the Bank was held liable for deficiency in service for charging the cheque bounce fee due to the premature presentment.

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History of this topic

[Cheque Dishonour] Complainant Failed To Prove Cheque Was Issued Against Legally Enforceable Debt: Kerala High Court Acquits Accused
1 year ago

[Cheque Dishonour] Complainant Failed To Prove Cheque Was Issued Against Legally Enforceable Debt: Kerala High Court Acquits Accused

Live Law  

The Kerala High Court has held that a complainant under the Negotiable Instruments Act cannot rely on the presumption that the holder of a negotiable instrument has paid consideration for it when his claim is inconsistent.It upheld the acquittal of the accused upon noting that the complainant in the present case had failed to prove that the cheque had been …

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