https://www.taxtmi.com/caselaws?id=418963 Payment of Kisan Vikas Patras to a presenter without the identity slip, proper verification, endorsement, or compliance with the governing rules and manual did not amount to discharge in due course; the statutory requirements of holder status, good faith, and absence of negligence were not satisfied, so liability remained. A post office is also liable for fraudulent acts committed by its employee in the course of employment, and the employee's breach of mandatory procedures did not break that connection. The complaint was therefore allowed, with monetary relief, interest, compensation, and costs granted against the respondents. en-us Mon, 07 Feb 2022 00:00:00 +0530 Mon, 28 Feb 2022 20:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418963 Payment of Kisan Vikas Patras to a presenter without the identity slip, proper verification, endorsement, or compliance with the governing rules and manual did not amount to discharge in due course; the statutory requirements of holder status, good faith, and absence of negligence were not satisfied, so liability remained. A post office is also liable for fraudulent acts committed by its employee in the course of employment, and the employee's breach of mandatory procedures did not break that connection. The complaint was therefore allowed, with monetary relief, interest, compensation, and costs granted against the respondents. Case-Laws Indian Laws Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418963