'Explain insufficient funds while dishonouring cheque'

.....Merely saying 'insufficient funds' cannot be a valid reason for banks to dishonour a cheque, unless it is explained what amount would have been sufficient to honour it, a consumer forum has held. The Central Delhi District Consumer Forum ruled it while ordering ICICI Bank to pay Rs 25,000 as compensation to a customer for dishonouring her cheque of Rs one lakh on grounds of insufficient funds in her account, despite the same having more than Rs one lakh in it.....

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