Notice by advocate on behalf of drawer to the drawee bank for the wrongful dishonouring of cheque issued for the application money of the shares, under Consumer Protection Act, 1986
| Updated at | December 2009 |
Name: ........................
........................
Office: ........................
........................
Residence: ........................
........................
Date: ........................
Regd. A.D./U.P.C
To
-
Bank ..............................(Head Office)
Address..............................
.......................................
-
Bank .............................(Branch Office)
Address..............................
.......................................
Subject: Wrongful dishonouring of Cheque issued for the application of shares
Sir,
Under instructions from and on behalf of my client M/s. ............................ (Name and address), who are the account holder in your bank vide Account No. ............. I have to serve you with the following notice.
-
That as said above, my clients are having a Current Bank Account with cheque book facility with you.
-
That on ............... (Date), my client issued a cheque upon you for a sum of Rs. ......... and the cheque was bearing No. ............ The said cheque was drawn in favour of ............................. ............. (Payee).
-
That as the cheque was issued for a sum of Rs. .................., my client was having in his account more sum than the aforestated cheque issued for.
-
That, to the utter dismay of my client the payee on presentment of the cheque got the same dishonoured for the reason of "insufficiency of funds" and the said reason was stated in the returning memo issued by you. The cheque was issued in the name of the aforesaid company as the application money for the shares applied for in the preference category and the same were allotted to all the applicants fully at a rate of Rs. ................ whose market value is Rs. ....................... It may further be noted that my client applied for ................. shares (number of shares applied for)
-
That, therefore, you dishonoured the above stated cheque for the reason that amount standing to the credit of my client''s account was sufficient to honour the cheque and it exceeded the arrangement made for by the drawer, whereas sufficient funds were lying to the credit of my client''s account.
-
That in all, such conduct of yours amounts to gross negligence on your part and also amount to ''deficiency in service'' on your part for the reason my client is a customer and consumer of your bank and you were bound to honour the said cheque in the absence of any justifiable reason for the...
To continue reading
Request your trial