RE. LEGAL OPINION ON RETURNING OF CHEQUE TO THE RESPECTIVE CUSTOMER IN RELATION WITH LEGAL NOTICE OR PETITION CASE FILED AND SUBSIQUENTLY WITHDRAWAL OF LEGAL ACTION AGAINST THE CUSTOMER.
We refer to your letter dated 06.08.2006 on the above subject
We have perused the contents of your letter referred to us. We understand that you have sought our opinion whether BANK 1 can return the cheque(s) to the respective customer(s) upon withdrawal of the legal proceedings.
Our opinion is as follows:
BANK 1 can return back the cheque(s) in question to the respective customer(s) with cancelled mark, or destroy the said cheque(s) in presence of the respective customer(s) upon obtaining an undertaking on that regard.
If you need any clarification, do not hesitate to contact the undersigned.
For: “The Lawyers & Jurists”