Cheque Bouncing

Banks cannot deny existence of account if cheque returned with 'Account Frozen' remark: Supreme Court

The CJI-led Bench set aside a Rajasthan High Court order which had quashed the proceedings against the appellant under Section 138 of Negotiable Instruments Act 1881.

Published on:

01 Mar 2022, 2:51 am

The Supreme Court recently observed that the existence of a bank account can be presumed, if a cheque is returned by a bank with the endorsement remark of 'Account Frozen' [Vikram Singh v. Shyoji Ram].

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Supreme Court of India

Rajasthan High Court

Negotiable Instruments Act

Banks

Chief Justice of India NV Ramana