https://www.taxtmi.com/acts?id=7712 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7712 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. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7712