WebMay 29, 2024 · Bank logo on the centre of the cheque. What is CTS and non CTS Cheque? If the cheque book is not with CTS-2010 cheque leafs, they are referred to as non-CTS cheque books. … In cheque truncation, the movement of the physical instrument is stopped and replaced by electronic images and associated MICR line of the cheque. WebOct 25, 2024 · The RBI has categorically issued a notification wherein it is stated that Non-CTS cheques will not be presented before the Bank for encashment from December 31, 2013. This was upheld in the judgment passed by a single judge bench comprising of HON’BLE MS. JUSTICE SINDHU SHARMA, in the matter Ravi Kumar Sharma V. …
Is my Cheque CTS Compliant? - Simple method to identify …
Web2013) for all cheques issued by the customer to be CTS (Cheque Truncation System) compliant. ... Request you to make a note that Non-CTS compliant cheques would NOT … Web2. Cheque if drawn out of legal settlement and then dishonoured does not attract the rigours of 138 NI Act as held by the supreme court. 3.Ask A to inform the Bank not to honour those cheques. If A used cheques subsequent tho those cheques lying with B then case of recent handover of those cheques by A to B would go. 4. Contest the case vigorously. hidrolisou
CTS Full Form- What Does It Mean? - washingtonindependent.com
WebNov 13, 2014 · Enquiries reveal that issue of non-CTS (Cheque Truncation System) compliant demand drafts by banks pose a lot of hardship, especially delay in encashment of the instrument. And this, a cross ... WebOct 9, 2024 · The principal defence put up by respondent no.2 was that the said cheques were Non-CTS cheques and were not in circulation. It is claimed that the same had been handed over as security in the year 2003-04. 2. It is the respondent’s case that the certain money was borrowed but the same was returned. According to respondent no.2, the … WebOct 5, 2024 · Further, the cheque was returned on the ground that Non CTS Cheque. Therefore, the offence under Section 138 of the Negotiable Instruments Act did … hidrolise feldspato