https://www.taxtmi.com/highlights?id=104512 Merger of a drawee bank transfers its assets, liabilities and customer accounts to the resulting bank; it does not extinguish the account or invalidate a cheque drawn on it. The cheque recipient may present the cheque without fault despite the merger. Claims that the cheque was misplaced constitute a defence requiring trial, rather than a ground to quash cheque-dishonour proceedings. Account closure likewise does not justify quashing. Cheque-dishonour proceedings therefore continue, with the drawer retaining liberty to raise available defences during trial. en-us Mon, 05 Oct 2026 08:13:26 +0530 Mon, 05 Oct 2026 08:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104512 Merger of a drawee bank transfers its assets, liabilities and customer accounts to the resulting bank; it does not extinguish the account or invalidate a cheque drawn on it. The cheque recipient may present the cheque without fault despite the merger. Claims that the cheque was misplaced constitute a defence requiring trial, rather than a ground to quash cheque-dishonour proceedings. Account closure likewise does not justify quashing. Cheque-dishonour proceedings therefore continue, with the drawer retaining liberty to raise available defences during trial. Highlights Indian Laws Mon, 05 Oct 2026 08:13:26 +0530 https://www.taxtmi.com/highlights?id=104512