School fee cheque bounce Karachi?
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I have a daughter studying in Karachi and my daughter is studying in a renowned private school in Karachi. She had paid the school fee bills of her daughter’s previous session in the sum of Rs. 50,000/- and recently one cheque of Rs. 10,000/- with banking branch number 2323 in Karachi was sent to the school, with an instruction to release school fees for next month’s session. We had received the said cheque with clear instructions on the same date of
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School fee cheque bounce Karachi? Is it that common in Karachi where I live and work? It happens that I’ve seen a lot of such bounces in my years of experience as a Karachi lawyer, here are some facts and figures that you can use: 1. The number of cheque bounce incidents has increased in the last year in Karachi. 2. The incidents of cheque bounce in Karachi have increased from 73% in 2019 to 100% in 2
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School fee cheque bounce Karachi? click here for more In today’s education industry, it is common for parents to make payments to schools by way of school fees cheques. But surprisingly, sometimes the cheques end up in the “bounced” category because the school fees are not paid on time. This causes an inconvenience for both the school and parents. This situation can be avoided by being mindful of the process and using due diligence when signing the school fees cheque. This situation can be avoided by being mindful of the process
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I was in Karachi for a week when the first cheque of my son’s school fee got bounced. To start with, it was a shocking and uncalled-for incident. But as days went by, I realized that it wasn’t the school that got the cheque bounced, but the bank in which it was written. The reason behind this was my own school. It’s a private institution, so I had to write a cheque from my account. I wasn’t aware of its existence until the day it bounced, and then the
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School fee cheque bounce Karachi? The news hit the streets that a high-school principal of a reputed school in Karachi had paid a cheque to his son, amounting to Rs. 10 lakh, and it immediately became apparent to all that the check had bounced. My first instinct was to investigate further. After some digging, I found out that the principal had sent the cheque to pay for a new computer for his school. But since that school was in his name only, he didn’t think
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My experience In my 13 years of legal practice, I have seen quite a few cases of school fee cheque bounce. While most of them are due to some misunderstandings, some cases are quite complicated and require a legal professional to solve them. A cheque for school fees is an essential part of a school’s routine and a crucial part of most parents’ budgets. It provides an assured stream of funds to the school, helping them to manage their operations. Most of us don’t have the luxury