I have given a blank cheque and an agreement for employment for 1 year. But I didn’t signed the cheque. Now he is saying that he will default the cheque. Is it possible
From India, Kolkata
Acknowledge(0)
Amend(0)
From India, Kolkata
Acknowledge(0)Amend(0)
Hi, I am Manikanth. I worked in a start-up where I signed an employment bond and gave a blank cheque. I left the job after 3 months. Now he is saying he will default on the cheque. But I didn't sign the cheque. So, is it valid?
From India, Kolkata
Acknowledge(0)Amend(0)
From India, Kolkata
Acknowledge(0)Amend(0)
If you have not signed the cheque how can it encashed ? Or the amount column was not filled in?
From India, Pune
Acknowledge(0)Amend(0)
3180From India, Pune
Acknowledge(0)Amend(0)
An unsigned cheque does not carry any obligation and no action would lie against you under the Negotiable Instrument Act 1881. But be sure about it!!!
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
The unsigned check does not carry any value. Your employer cannot present this check before the bank for encashment since it is a void instrument.
Further, the account holder can also send instructions to the bank for "Stop Payment" or 'Hold'.
From India, Mumbai
Acknowledge(0)Amend(0)
Further, the account holder can also send instructions to the bank for "Stop Payment" or 'Hold'.
From India, Mumbai
Acknowledge(0)Amend(0)
Prabhat, Stop payment would not be appropriate. It is unsigned and the said cheque has no financial value.
From India, Pune
Acknowledge(0)Amend(0)
From India, Pune
Acknowledge(0)Amend(0)
I hope you were not able to grasp why the stop payment option was suggested as an assurance that the person of concern is safe. It was suggested to understand that the cheque issuer has the option to hold the payment, even if a signed cheque.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Prabhat,
Please understand that the issuance of a stop order is not as simple as it may seem. It holds a legal significance. You can refer to the following link for general information: https://www.telegraphindia.com/11409...y_18786854.jsp
In the case mentioned, the cheque is rendered worthless due to the absence of a signature. Stop payments cannot be issued without a valid cause.
Considering the prevalent practice of issuing cheques that bounce and the various cunning methods employed to evade payment, the Legislature has chosen to adopt a no-nonsense stance (as per Section 138 of the Negotiable Instruments Act and court judgments).
From India, Pune
Acknowledge(0)Amend(0)
Please understand that the issuance of a stop order is not as simple as it may seem. It holds a legal significance. You can refer to the following link for general information: https://www.telegraphindia.com/11409...y_18786854.jsp
In the case mentioned, the cheque is rendered worthless due to the absence of a signature. Stop payments cannot be issued without a valid cause.
Considering the prevalent practice of issuing cheques that bounce and the various cunning methods employed to evade payment, the Legislature has chosen to adopt a no-nonsense stance (as per Section 138 of the Negotiable Instruments Act and court judgments).
From India, Pune
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Bond of Employment.doc
Bond in employment.pdf