CANARA BANK v. CANARA SALES CORPORATION & ORS

Citation: [1987] 2 S.C.R. 1138

Court: Supreme Court of India

Bench: V. KHALID, G.L. OZA

Case summary

It was also held that if an unauthorised person got hold of such a cheque and encashed it, the bank might have had a good defence but, however, if the signatures on the cheque or at least one of the signatures are or is not genuine, there is no mandate on the bank to pay and...

Judgment text

It was also held that if an unauthorised person got hold of such a cheque and encashed it, the bank might have had a good defence but, however, if the signatures on the cheque or at least one of the signatures are or is not genuine, there is no mandate on the bank to pay and...