Cheque lost abroad used in Karachi – remedy?
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In case a cheque is lost abroad (outside Pakistan), it is a matter of grave concern. A cheque can cause damage to the credibility of the concerned individual or company and can harm your business in a myriad of ways. When a person receives a cheque, he/she needs to either pay it off (if the balance is positive) or follow the usual process for collection or repudiation of the cheque (if the balance is negative). This process involves providing an explanation, making an effort to settle the claim with the sender, and/or sending
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Cheque lost abroad used in Karachi – remedy? Here in Karachi, if you receive a Cheque with a lot of money in it, what are the possible ways you can get it back from the Cheque card holder or their bank or whoever it is? In my case, I never expected to receive a large sum of money from a Cheque which I received from a friend and my friend is residing in Malaysia. At first, I thought I will get a bank statement to check what happened, but since I have no phone, I
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In Karachi, recently, there was a case where a Cheque was paid abroad, in foreign currency, without remittance, with the payment into an account opened by me here in Karachi. It was not remitted through the authorised branch of National Bank of Pakistan, but I have been informed that some other foreign Bank has received such an order. It was also stated that this same Cheque was again paid abroad with a fresh sum, this time from a different account opened by me in Karachi. On 12-October, the same Cheque was
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Cheque lost abroad used in Karachi has been a matter of concern for many people. In this article, we aim to bring the real remedy to light. The Karachi Chamber of Commerce, Industries and Mines, in its Resolution No.29/2/2017 has decided to give a legal remedy to such victims. The Karachi Chamber, which has more than 650 members and the largest chamber of commerce of Pakistan, took this step after the cheque-drawer in its office, Mr. Asif Mir, was
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In Karachi, we have the phenomenon of people losing their cheques abroad, and then being stranded here in Karachi. Going Here There have been many such incidents in the last few years, and they have become quite an issue. The loss of a cheque abroad, whether it is in dollars or rupees, leads to serious financial problems. When a cheque is lost abroad, it is not possible to get it back, and it is of no help if you come back to Karachi to find out that your cheque has not been cleared. This kind
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“I was recently approached by a client who lost her cheque. She had travelled to Dubai for work, and while in the city, she used it for payment of rent. She found herself in financial straits after the rent had not been paid, and sought legal help to recoup the loss. Her bank refused to honour the cheque as she claimed the client had been staying in Dubai for over a year, and the cheque was overdue. The local law firm in Karachi could not have helped. The bank’s representative stated that