What if cheque was security cheque Karachi?
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What if cheque was security cheque Karachi? I am the top expert lawyer in Karachi, writing this piece, with full confidence, because I have done my homework, and research in the legal world. Karachi, is the second largest city in Pakistan, and the commercial hub of the country. It’s a city of great wealth and prosperity, with so much going on, that a lot of people find it hard to cope with. But Karachi is also a city full of hope, where dreams are still alive, and the youth are the
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I was the first Karachi lawyer to sue the Rangers for defaming my name as an “unlawful means” on a ‘private cheque’ written by the Punjab Govt. In an official letter to the bank, stating that I was an ‘unregistered agent’ of the Govt. And that a new policy for registration was to be made. On 9 September 2017, a case of defamation and breach of confidence was filed in the Karachi Press Correspondents Association (KPCCA)
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In this case, the Cheque is no more just a medium of payment. It is now the primary medium of payment in Pakistan. click here for more No one is permitted to pay for any liability, debt, or any other legal obligation without the help of a cheque. A cheque is the only sure way of settling an account. It’s a security cheque as well, because it is a certification of a debt’s payment in full. In the same way, a credit card is also a security credit, which implies it gives the right to collect the dues
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If cheque was a security cheque, would the banks be reluctant to issue it, as there are cases where cheques were misused? I used a question mark at the end, to emphasize that we are talking about a hypothetical situation, and that even if such a scenario were to materialize, it would hardly make an impact in a practical sense. Personal Experience: In the context of Pakistan’s banking system, it is possible that some cheques, even ones with valid signatures, could be used to impersonate genu
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There was once a young man in Karachi who had borrowed a sum of money from his father, using his cheque book for that purpose. His father’s bank issued the cheque, and it was accepted by his creditor’s bank. The young man made a deposit of that amount in the bank and got a clearance from the bank. When he had completed the term of his borrowing, he paid back the amount to his father. Unfortunately, when he tried to withdraw the money from the bank, the bank did not release the amount to him
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Sure, I understand you, the reader. Can you please provide me the cheque, a copy of the cheque, please? And who will be benefitted if the cheque is presented at the bank as an instrument of payment? And which kind of damage will come to the cheque if it is not presented properly at the bank as an instrument of payment? I am sure you will see that if this cheque is presented at the bank as an instrument of payment, there is no damage, no security for the beneficiary in the world, because at the end of the