Bank Responsible For Financial Loss Arising From Negligent Encashment Of Cheques Bearing Forged Signatures: Kerala High Court
The Kerala High Court has ruled that banks cannot evade responsibility for the negligent encashment of cheques that contain forged signatures. The judgment was delivered by a Division Bench consisting of Justice Sathish Ninan and Justice P. Krishna Kumar, while considering a batch of appeals related to forgery and banking negligence. Appellants suffered loss due to forged cheque encashment The appellants, who are private companies and individuals based in Kozhikode,…
