S.N.PHUKAN
Canara Bank – Appellant
Versus
Joboka Woods Private Limited – Respondent
2. The opposite party as plaintiff filed a suit against the present petitioner, namely, Canara Bank and the Branch Manager of the said Bank at Tinsukia Branch for recovery of a sum of Rs. 2,64,450/- with interest.
3. According to the plaintiff, a cash credit account with the Tinsukia Branch of the Bank was opened and it was operated by the plaintiff which is a company through one of its Directors who was duly authorised from time to time. On or about 2.2.85 plaintiff detected that a cheque bearing No. CRH 767185 was missing and accordingly on the same day the bank was informed with a request to stop payment of the above cheque when presented. Subsequently, on reconciliation of the statement of account sent by the Bank, it was found that a sum of Rs. 2,15yOOO/- in favour of Shri P. K. Sen drawn on the above cheque was debited against the account of the plaintiff-company. Plaintiff immediately informed the defendant Bank that the cheque was never issued by the company and the signature was forged. On these fact, the present suit wa
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