Banks cannot deny existence of account if cheque returned with 'Account Frozen' remark: Supreme Court
The CJI-led Bench set aside a Rajasthan High Court order which had quashed the proceedings against the appellant under Section 138 of Negotiable Instruments Act 1881.
The Supreme Court recently observed that the existence of a bank account can be presumed, if a cheque is returned by a bank with the endorsement remark of 'Account Frozen' [Vikram Singh v. Shyoji Ram].