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.
Cheque Bouncing
Cheque Bouncing

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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