basis. It was averred that the cheque being
a non-CTS cheque was returned due to system failure of the Bank.
The matter of returning ... Bank informed that the cheque in question being a non-CTS
cheque was returned on 18.01.2014 due to technical snag in
computer. It was averred
detailing the procedure for
processing CTS 2010 and Non-CTS 2010 instruments in the three CTS
grid locations (Chennai, Mumbai and New Delhi ... that the
cheque was rejected on account of alterations under the CTS cheque
rules effective from April 2014, and being so, it was the duty
Agreement was filed by the deceased Appellant, indicating that the CTS Cheque was not issued by him in favour of Respondents. He further contended that ... regarding the payment of consideration by an A/C Payee Non-CTS Cheque.
10. I have examined the pleadings and the connected documents placed
CTS guidelines, it
is the responsibility of the presenting bank (CTS representative) not to
present stale cheques in clearance unless the cheque passes the date ... would like to give a small explanation of CTS clearance
adopted by the bank. CTS means Cheque Truncation System. In
order to avoid physical movement
CTS guidelines, it
is the responsibility of the presenting bank (CTS representative) not to
present stale cheques in clearance unless the cheque passes the date ... would like to give a small explanation of CTS clearance
adopted by the bank. CTS means Cheque Truncation System. In
order to avoid physical movement
sale in the
domestic market. These include Cheque truncation software (CTS),
Cheque Clearing Software (CC), Post-dated cheque Software (PDC), I-
page forms processing software
only CTS cheque with effect from July, 31, 2013, the
cheque was not presented by the Delhi Office and demanded
cheque of CTS. With ... 2018
cheque, circular by RBI instructing the bankers to accept only
CTS cheque and the evidence for the payment by the banker."
At this
Contra
C CPC (CTS) NEW YES
24.06.2015 CHQ DEP 04328 25,00,000.00 1,03,97,357.93 Contra
C CPC (CTS ... (CTS) NEW property
PNB Vikram
Burman
15.07.2015 CAS PRES CHQ 4,180.00 1,75,31,306.93 Accounting
04328 C CPC (CTS) Charges
NEW CA Multicity
Complainant deposited on 07-02-2017 a Non CTS cheque bearing
No. 240759 for Rs. 65,000/- dt 07-01-2017 drawn on Indian Bank
branch of account holder can use Dena
Gujarat Gramin Bank old cheque in CTS system. Because technically Erstwhile
Dena Gujarat Gramin Bank cheque ... cheque can be used in home branch after off boarding a
bank, how home branch can use Deena Gujarat Grameen Bank old cheque in CTS
