BANKERS BOOK OF EVIDENCE ACT, 1891

 

BANKERS BOOK
OF EVIDENCE ACT (XVIII OF 1891)

 

Section—4

Claim
for recovery of money by a Banking Company whether can be decreed in the
absence of any evidence as to actual payment f the amount—In view of the fact
that title deeds were deposited with the bank along with all other usual
documents, executed by he predecessor of the defendant company and regular
entries in the ledger and clean cash book of the Bank in respect of the loan
the claim is established—There is also admission of the Managing Director of
the defendant company as to the liability to the Bank— Moreover there is
presumption of correctness under the Negotiable Instruments Act, Bankers Books
of Evidence Act and Banking Companies Ordinance—Negotiable Instruments Act (XXV
of 1881) S. 118—Banking Companies Ordinance (LVII of 1962) S.65.

Planters
(Bangladesh) Ltd. Vs. Mahaluxmi Bank Limited and others; 5BLD (AD) 150.

 

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