What if cheque returned stop payment Karachi?
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“It happened once in Karachi,” said a top-notch and experienced corporate lawyer DHA Karachi (DHA Legal Association). Karachi was a place of great lawfulness, he said in an exclusive interview with a leading newspaper in Karachi. But a day has come when cheque’s worth in Karachi are going back with no remedy, despite having no written word against the same. “It happens because some people, who in the name of lawyers, take a decision to stop or block the cheques,” he added
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Cheque was never to be rejected, not accepted, not to be used for payments. It was always in the safe and secure with my signature on it. That’s what we did for years as a law firm in Karachi, I’m not saying I have some kind of experience or expertise in this topic, no. It’s my personal opinion from reading and understanding case law, law reports, legal journals and articles from various law libraries and law enforcement agencies. And, yes, my personal experience is also a part of this topic
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I wrote: “If your cheque was returned for any reason, it’s very crucial for you to have an immediate legal advice as you may be liable for any possible legal costs if the cheque is not paid. We, here at our firm, Karachi, provide the following services for cheque returned situation. We can give you the right legal advice if you’re facing this issue and help you in getting the money back. Some of our services include: 1. Collection and Processing of the Cheque 2. Filing
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I am an experienced Karachi lawyer, specializing in cheque bounce law. The cheque in this case returned because of bad money management by the client. In Karachi, especially in the recent days, when banks and financial institutions have been taking the law in their own hands, a lot of bad things happen to the innocent people. The recent case was reported where a bank in Karachi had issued a cheque for Rs.1,000,000 and when the client failed to appear at the cheque branch, the bank stopped payment.
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“In 1993, a middle-class citizen from Saddar Karachi brought me this legal challenge. He had been caught in a sticky situation after returning a paying cheque from a bank. It had cleared, but for some reason, the bank wanted a stop-payment order. But why? The check was signed by all the authorised signatories and all the checks were drawn on the same account. He even gave me the original copies of all the cheques. labour lawyer in karachi So why, he demanded, had the bank returned the cheque to
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A cheque from one person to another was returned “stop payment” due to non-sufficient funds in the account, resulting in the entire amount payable being credited to my account. I was caught in the middle, unsure whether to return the entire amount or wait for further instructions. Here are my thoughts. First, the banking s state that “stop payment” refers to the amount not credited to a cheque. It does not mean that there is an expiration on the cheque’s validity. As per the law, no funds