We refer to your letter dated 16.03.2005 wherein you have requested us to draft a reply to the letter dated 16.03.2005 of COMPANY 1.
In our earlier letter dated _______, we informed you that since the cheques are issued in our name with the purpose of disbursing salaries, you may alert us of any possible irregularity but in such situation the Bank has option either to disburse totally or stop payment totally. Please note that your understanding in this regard is correct.
If you have any further query, please do not hesitate to contact us.
For: “The Lawyers & Jurists”