...........The RBI circular was issued by Chief General Manager, P Vijaya Bhaskar. It referred to a high court ruling of February 2007 in which Justice RS Garg had said: "The RBI is hereby directed to issue fresh notifications/notices to all the banks, who have issued internal circulars, not to receive such cheques, etc. and see that stern action is taken against the persons who refuse to receive the cheques/drafts which are in fragments."............
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