Payment in due course of a crossed cheque gives the paying banker the same rights as payment to the true owner. Payment in due course of a crossed cheque places the banker who pays it in the same legal position and entitled to the same rights as if the cheque amount had been paid to and received by the true owner; where the crossed cheque has come to the payee, the drawer is similarly entitled to the same rights as if the true owner had received the amount.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Payment in due course of a crossed cheque gives the paying banker the same rights as payment to the true owner.
Payment in due course of a crossed cheque places the banker who pays it in the same legal position and entitled to the same rights as if the cheque amount had been paid to and received by the true owner; where the crossed cheque has come to the payee, the drawer is similarly entitled to the same rights as if the true owner had received the amount.
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