Payment of cheque crossed generally
Full Text
Payment of cheque crossed generally.—Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker.
Payment of cheque crossed specially.—Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection.
Plain English Summary
Prohibits paying bankers from paying generally crossed cheques except to a banker, and specially crossed cheques except to the specified bank or its agent.
Key Legal Elements
- Generally crossed cheque: drawee bank must pay only to a banker
- Specially crossed cheque: drawee bank must pay only to designated banker or its collecting agent
- Absolute prohibition against cash payment across counter for crossed cheques
Practical Note
Establishes the strict duty of care for paying bankers. If a drawee bank violates Section 126 by paying a crossed cheque over the counter or to the wrong bank, it loses the protection of Section 128 and is directly liable to the true owner for the full amount under Section 129.
हिंदी पाठ
सामान्यतः रेखांकित चेक का संदाय।—जहां कोई चेक सामान्यतः रेखांकित है, वहां वह बैंककार जिस पर वह लिखा गया है, उसका संदाय किसी बैंककार के सिवाय अन्यथा नहीं करेगा।
विशेषतः रेखांकित चेक का संदाय।—जहां कोई चेक विशेषतः रेखांकित है, वहां वह बैंककार जिस पर वह लिखा गया है, उसका संदाय उस बैंककार के, जिसके नाम वह रेखांकित है, या संग्रहण के लिए उसके अभिकर्ता के सिवाय अन्यथा नहीं करेगा।