Diligence on all customers and branches whom Time Travels & Cargo proposes to stock with travellers cheques. It will be the sole responsibility of Time ... Wall Street Finance Ltd. further understands that Time Travels & Cargo will sell Visa Travellers Cheques only to bona fide travellers at their counters
person. The payments for the travellers cheques had been made through cheques through banking channel and travellers cheques had been obtained in a manner provided ... which US $ 10000 was obtained as basic travel quoted (BTQ) and US $ 25000 for business travel. Travellers cheques had been obtained using the funds drawn
from the State Bank of India that the assessee had purchased travellers cheques as under ... Before him it was explained by the assessee that the travellers cheques in question were purchased out of the money given by the buyers
directing the OPs/appellants in both the cases
to issue duplicate travelers cheques to the tune of 8000 USD each and to pay
interest ... anybody else; he traveled by a bus in which he left the pouch containing the
travelers cheques; when the said pouch was detected
complainant
company and covered under the policy above mentioned, sold travelers cheques to
the tune of Rs.20.23 lacs to two different companies ... cases the said employee was used to issue
travelers cheques against cheques.
Merely because the cheques were dishonoured the said employee cannot be
fastened with
part of the travellers' cheque which he was carrying while he did not declare the second set of travellers' cheques ... realize all his responsibilities while traveling abroad. It is a fact that he carried Travellers' cheques in two different checked-in baggage
total value of 2500 US $. On account of some of the travellers
cheques having been declared as lost and stolen by the respondents, the
complainant ... complainant, are as under:-
2. Respondents M/s Inter-Payment VISA
Travellers Cheques are the agents/representatives in India of their principals
M/s Inter
opposite party, covering the period between 29.06.2002 and 28.06.2003, which
includes Travellers Cheques also. On 29.07.2002, the Branch Cashier of Chennai by
name A.Ganesamurthy ... carried American Express Travellers Cheques, to the value of
US Dollar 42950 to Anaiyur Village near Sivakasi, to be delivered to G.Nataraj Prabhu
opposite party, covering the period between 29.06.2002 and 28.06.2003, which
includes Travellers Cheques also. On 29.07.2002, the Branch Cashier of Chennai by
name A.Ganesamurthy ... carried American Express Travellers Cheques, to the value of
US Dollar 42950 to Anaiyur Village near Sivakasi, to be delivered to G.Nataraj Prabhu
Reserve Bank of India to purchase foreign currency notes/coins and travellers
cheques and to sell foreign currency notes/coins and also to stock ... sell
foreign currency travellers cheques issued by overseas organizations at its
office premises at M-56, Connaught Circus, New Delhi. The complainant is engaged
