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Banks act as agents for customers, presenting stale cheques constitutes deficiency in service: SC

Banks act as agents for customers, presenting stale cheques constitutes deficiency in service: SC

by AIP Online Bureau | Apr 15, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

A bank receiving cheques for collection acts as an agent of the customer and is under an obligation to exercise due diligence in presenting the instruments within the prescribed validity period. The failure to do so, resulting in the instrument becoming stale, in the...

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