DEBANGSU BASAK
Shree Shankar Saw Mill (P) Ltd. – Appellant
Versus
United Bank of India – Respondent
Debangsu Basak, J.—The petitioners have sought a direction upon the respondent no. 2 to credit the account of the first petitioner with a sum of Rs.60 Lakhs being the value of 11 several cheques.
2. Learned Counsel for the petitioners has submitted that, the first petitioner has an account with the respondent no. 2. The first petitioner had deposited 11 several cheques of one L.B. Enterprises drawn on Gandhidham Co-operative Bank of Kutch, Gujarat is aggregating to a sum of Rs.60 Lakhs with the respondent no. 2 for collection. Neither the proceeds of any of these 11 cheques were deposited in the accounts of the first petitioner nor any of those cheques returned to the petitioners by the bank. Five cheques were deposited by the first petitioner on May 6, 2015. Six cheques were deposited on May 16, 2015. By a letter dated June 10, 2015, the petitioners had requested the respondent no. 2 to credit the proceeds of these cheques. The petitioners, however, received an e-mail from the respondent no. 6 informing the petitioners that, the cheques were returned and sent to the respondent no. 2 by Speed Post on June 3, 2015. The respondent no. 2 was immediately requested to hand over
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